Philippine Real Estate Question: delayed payment on real property tax



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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What are the Requirements to Transfer Inherited Real Estate Property in the Philippines?What are the Requirements to Transfer Inherited Real Estate Property in the Philippines?



Transfer of Inherited Property When the registered owner dies intestate without any debt and the heirs want the title transferred in their names, the following documents must be presented to the Register of Deeds: a. Deed of Extrajudicial Settlement of Estate (or Affidavit of Adjudication if there is only one