Philippine Real Estate Question: delayed payment on real property tax

Posted in QA on November 4th, 2011 by admin | No comments
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Question:

I have a question about paying the real property tax, what would be the punishment to the owner of a land if he delayed to pay his land within 10 or more years?

Answer:

You have to pay the interest equivalent to 2% per month on the basic tax, but in no case shall exceed 36 months.

 

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