It has 130 pages, let's get to TITLE II - "Real Property Taxation"
Section 197. Scope. - This Title shall govern the administration, appraisal, assessment, levy and collection of real property tax.
Section 198. Fundamental Principles. - The appraisal, assessment, levy and collection of real property tax shall be guided by the following fundamental principles.... blah blah blah....
The first time I heard of the word "Amilyar" was when I was in high school days and I don't give a d**n..! Just focused on my flying kite and pigeons!! haha!
It's been more than a decade since I acquired my first real property here in Bacoor City, Cavite. Since then, I paid my real property tax or what we call "Amilyar" and yes I must admit that I was a delinquent tax payer due to ignorance! Until I myself became a licensed Real Estate Practitioner... it is worth knowing how it works in detail..
Today, I paid my RPT - Real Property Tax in ADVANCE for the first time!!! yeah!
I paid my RPT for the year 2016.. So, what???
Here in our municipality, they give 20% discount if you pay in advance!
But in other municipalities, it varies. I heard in Taguig, they give 20% discount if you pay before the year ends as well. In Makati, 10% discount before January 20. In QC, 20% discount before Mar 31... Better go to your Municipal Treasurer and ask about it.
So why shouldn't I pay in advance? Maybe if I'm completely broke? No time maybe? not a significant amount of money? or I don't care at all..!
Payment is easy. Anyone can pay for you.
1. Get your previous receipts(Official Real Property Tax Receipts). That way you can estimate how much will you pay.
Receipt for House and Lot, Receipt for Lot Only, Receipt for any Improvements, etc. and Receipt for EPSF(Environmental Protection and Sanitation Fee) and other applicable fees..
- if you don't have or lost receipts, you can just bring your TD's (Tax Declarations) of your properties(both House and Lot).
- if you have nothing, go to Assessor's Office then ask on how to have them..
2. Prepare CASH! :)
3. Go to Municipal Treasurer with the receipts and cash!
4. Get a queue number and get a coffee(here in Bacoor City, FREE brewed coffee was there!)
5. Say Hi to the person in charge and say "I'll pay in advance" then smile.
6. Go somewhere to enjoy your 20% discount!
Do not be Delinquent on paying RPT - Real Property Tax!
Late payments will incur penalties of 2% surcharge per month up to a maximum of 72% or 36 months!
You may be shocked if your beloved property appears in the list of delinquent tax payers and AUCTIONED to the public!
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