How to Pay Real Property Tax



One of the most commonly asked questions we have is how to pay Real Property Tax – this also includes where & when to pay it.

For your education, here is what we found on the very informative website of Muntinlupa about Real Property Tax.

All properties that are real in nature are subject to real property tax. This includes land, building and industrial machinery/equipments and are computed with the following schedules:

CLASSIFICATION BASIC TAX S.E.F. TAX
Residential 1.5% of Assessed Value 1% of Assessed Value
Agricultural 1.5% of Assessed Value 1% of Assessed Value
Industrial 2.0% of Assessed Value 1% of Assessed Value
Commercial 2.0% of Assessed Value 1% of Assessed Value
Cultural 2.0% of Assessed Value 1% of Assessed Value
Educational 2.0% of Assessed Value 1% of Assessed Value
Hospital 2.0% of Assessed Value 1% of Assessed Value
Scientific 2.0% of Assessed Value 1% of Assessed Value
Recreational 2.0% of Assessed Value 1% of Assessed Value
Others 2.0% of Assessed Value 1% of Assessed Value

Where to go

Real Property Tax Section, Treasurer s Office
Ground Floor, Main Building
City Hall of Muntinlupa

PROCEDURES

The taxpayer first secure order of payment (OP) from the assessor s office
Proceed to realty tax section and present OP with the latest official receipt (OR) and new tax declaration (TD) for newly transferred properties
Collection officer computes tax and inform the taxpayer the amount of tax to be paid
Issue official receipt and post payment to property tax index card thereof
Pay to the cash register cashier upon validation of the official receipt

When to pay?

The tax accrues on the first day of the year and may be paid in four (4) equal installments which are as follows:

1st Installment – On or before March 31
2nd Installment – On or before June 30
3rd installment – On or before September 30
4th installment – On or before December 31

Discount:

If the tax is paid within the time prescribed, there is a discount of 10% of the amount due.

Penalty:

In case of failure to pay, the taxpayer is subject to pay interest at the rate of 2% per month but not to exceed 36 months.

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Documentary Requirement – Bureau of Internal Revenue (BIR) Philippines A. Mandatory Requirements (Taxable/Exempt) B. Additional Requirements: If applicable For Personal Properties Proof of valuation of shares of stock at the time of donation a. For listed stocks – certification of the price index from the PSE/latest FMV publishes in newspapers