WHO PAYS FOR RPT?
The owner or administrator of the
property, which should be paid at the
city or municipal treasurer’s office
WHEN TO PAY? If the taxpayer chooses to pay for one whole year, the payment is due on or before January 31.
If paid in advance, a discount not exceeding 20% of the annual tax due may be granted.
IF IN INSTALLMENTS…The four quarterly installments shall be due on or
before the last day of each quarter:
March
31June
30September
30December
31
MINERAL
50%
INDUSTRIAL
50%
TIMBERLAND
20%
MAXIMUM ASSESSMENT LEVEL RATES
RESIDENTIAL
20%
AGRICULTURAL
40%
COMMERCIAL
50%
LAND
<P175K
0%
Building and Other Structures
RESIDENTIAL
P175K–300K
10%P300K–500K
20%P500K–750K
25%
P750K–1M
30%P1M–2M
35%P2M–5M
40%P5M–10M
50%
>P10M
60%
MAXIMUM ASSESSMENT LEVEL RATES
<P300K
25%
Building and Other Structures
AGRICULTURAL
P300K–500K
30%P500K–750K
35%P750K–1M
40%
P1M–2M
45%>P2M
50%
MAXIMUM ASSESSMENT LEVEL RATES
<P300K
30%
Building and Other Structures
COMMERCIAL/INDUSTRIAL
P300K–500K
35%P500K–750K
40%P750K–1M
50%
P1M–2M
50%P2M–5M
70%P5M–10M
75%>P10M
80%
<P300K
45%
Building and Other Structures
TIMBERLAND
P300K–500K
50%P500K–750K
55%P750K–1M
60%
P1M–2M
65%>P2M
70%
MAXIMUM ASSESSMENT LEVEL RATES
AGRICULTURAL
40%
Building and Other Structures
MACHINERIESRESIDENTIAL
50%COMMERCIAL
80%INDUSTRIA
L
80%
MAXIMUM ASSESSMENT LEVEL RATES
SAMPLE COMPUTATIONA residential house within Metro Manila, with the following
fair market value per Assessor’s office:
Assessed Land
P350,000Assessment Level – 20%
Improvement
P350,000Assessment Level – 20%
Assessed Value of
Land P350,000 x 20%
P70,000Assessed Value of
Improvement
P350,000 x 20%
P70,000
Basic RPT for Land and
Improvement
(P70,000 + P70,000)
X
2% =
P2,800
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