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