Do you own a piece of real estate in the Philippines? Whether you have a vacant space waiting to have a house built on it, or an independent home in Manila, you are renting, or a business enterprise in the province, you must pay your property tax.
Q: What is real property tax?
Taxation on Philippine real estate property. The applicable rate depends on the site. A city or municipality in Metro Manila is imposed 1% while cities and municipalities outside Metro Manila may impose a tax rate of no more than 2%. The property owner in the Philippines has the option of paying the tax in four equal installments on or before the last day of each calendar quarter.
Q: Payment of real estate tax
Payment is made in the municipal hall of the area where the property is located. If you have a property in Ayala Alabang, by all means, visit the beautiful Muntinlupa Municipal Hall where you facilitated the payment of your property tax – through a comfortable and wonderful building, and signs / directions everywhere so you won? T get lost. Add to that friendly staff willing to assist you.
Q: Is there any discount?
Typically, cities give discounts to firstcomers. For example, if you plan to pay for the full amount due for the following year, you can pay as early as November of this year to get a discount. This does not apply to all cities – so visit the Town Hall to make sure.
Q: Do I have to pay if I do not have a title deed, but do I already own the property?
Yes, you have to pay property tax from the time you moved to the date or one year. With or without a title.
Q: If my property is under my husband's name as an alien, do you still have to pay the real estate tax?
Yes! Even if the place of residence is under the name of your foreign spouse, the property tax is still levied and must be paid to the local government where the property is located.
Q: I just bought a property from the auction and found that the owner has 3 years of unpaid property tax! Do I pay?
Most of the real estate auction is on "as is where the foundation", which means that you should do due diligence. Investigate the background of the property before you intervene. In other words, yes, you will have to pay without prior arrangement with the auctioneer before bidding on the property.
Q: Yikes I could not pay property tax last year, what could happen?
The taxpayer is subject to interest payments at the rate of 2 percent per month but not exceeding 36 months.
Here is a quick summary of how to pay property tax in the Philippines:
Visit the real property tax section of the treasury office which is usually located in the city hall. Hold an OP (OP) from the evaluators' office, go to the Real Estate Tax section and provide OP with the latest official version (OR) and a new tax return for the new movable property. The tax collector then calculates the tax and tells you how much you have to pay. After payment, an official receipt is issued and the amount is paid to the real estate tax card. After that, you only pay in the cash register when you check the official receipt. Been completed!