Simple Steps in Paying your Real Property Tax

Have you already paid your real property tax this year?

It is a tax imposed by the government on all types of real properties including lands, buildings, improvements, and machinery.

Here are the simple steps to have your real property tax assessed and paid:

1.) Know the Title number or specific location of the property

To identify which property will be assessed and taxed, Title number or specific location of the property must be known. Better yet, bring the official receipt issued by the developer(or seller) or bring the certificate of title with you.

2.) Go to the Assessor’s Department of your Municipal’s office

They will determine the taxable assessed value of your property. Then, they will issue to you a Real Property Tax Order of Payment (RPTOP) document.

 

3.) Proceed to the Real Property Tax Division of your Municipal’s Office

Submit the Real Property Tax Order of Payment (RPTOP) document to them. They will then provide you with a Statement of Account of your property.

 

4.) Pay the total amount due according to your Statement of Account

Pay the total amount due in the Statement of Account detailing the tax, discounts, Special Education Fund (SEF) and penalties that are due to your property.

 

 

*If the Municipal Office in your locality is not divided into several property tax departments, have your Real Property Tax paid at the Office of the Municipal’s Treasurer.

If you choose to pay the Real Property Tax for one whole year, the payment is due on or before January 31. If you choose to pay it in installments, the four quarterly payments shall be due on or before:

  • March 31
  • June 30
  • September 30
  • December 31

Failure to pay the basic Real Property Tax and other taxes when due could result to penalties. An interest rate of two percent(2%) per month shall be imposed on the unpaid amount until fully paid.

On the other hand, if the basic Real Property Tax and the Special Education Fund(SEF) are paid in advance, the sanggunian concerned may grant a discount not exceeding twenty percent (20%) of the annual tax due.

Easy steps, right? So proceed now to your Municipal’s Office and have your Real Property Tax assessed and paid!