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The sanggunian has the power to impose taxes, fees, or charges provided that these shall not be
enacted without any prior hearing conducted for the purpose. It is only changed every 5 years.
Fundamental Principles shall govern the exercise of taxing and other revenue-raising powers
Taxation shall be uniform in each LGU Collection can’t be assigned to private persons
Evolve a progressive system of taxation Revenue is solely for the benefit of LGU
Taxes, fees, charges and other impositions shall:
o Be equitable and as far as practicable o Not be unjust, excessive, oppressive
o Levied and collected for public purposes o Not contrary to law, public policy
*Administrative remedies need to be exhausted before taxpayer can seek redress in RTC
1
Tax credit granted shall not be refundable in cash but shall only be applied to future tax obligations
Basic RPT – Appraised at its Current and Fair Market Value1. Classified on the basis of its actual use.
Real Properties Machineries
Exemp
Fair Market Value – for assessment purposes, also known as “assessor’s value”
Assessment Level – percentage applied to FMV to determine assessed value of the property
Assessed Value – FMV * Assessment Level
Special Levies
Special Education Fund + 1% of AV Idle Land + 5% of AV
Special Assessment 60% of AC Agricultural Land – ½ of 1 hectare unused
Exempt: Lands not subject to BRPT Other lands in city/municipality – ½ of 1K sqm2
Installment Method
1st Installment March 31 Tax Discount for Advanced Payment
2nd Installment June 31 20% of Annual Tax Due
3rd Installment September 31 Interest on Unpaid RPT
4th Installment December 31 2% per month limited to 36 months