Paying Real Property Taxes

Paying Real Property Taxes


ABOUT THE SERVICES

OWNERS OF land and buildings have to pay real property taxes annually. Taxes are a percentage of the property’s taxable value.

Taxable value is computed by multiplying a land or building’s Fair Market Value (FMV) to its Assessment Level. Both the FMV and the
Assessment Level are based on an ordinance passed by the Sangguniang/City Council. The City Assessor’s Office submits to the Sangguniang a new Schedule of Fair Market Values every 3 years. Real property tax payments are made at the Land Tax Division of the CTO. Taxpayers may choose to pay on an annual or quarterly basis. Discounts are given to those who pay in advance and those who
pay on time.

REQUIREMENTS

  • Copy of latest Real Property Tax Declaration
  • Photocopy of latest Real Property Tax payment/Official Receipt

TAXES, FEES AND DISCOUNTS

TAXES:
–> Basic Real property Tax = Fair Market value X Assessment Level X Basic Tax Rate
–> Additional Tax (Special Education Fund) = Fair Market Value X Assessment Level X 1.00%

FAIR MARKET VALUE:
–> Based on the Schedule of Fair Market Values proposed by the City Assessor and approved by the Sangguniang Panlungsod.

ASSESSMENT LEVEL:
On Land

TYPE ASSESSMENT LEVEL
Residential 15%
Agricultural 30%
Commercial 30%
Industrial 40%
Mineral 30%

ASSESSMENT LEVEL

FAIR MARKET VALUE RESIDENTIAL AGRICULTURAL COMMERCIAL/

INDUSTRIAL

TIMBERLAND
175,000 – 200,000

200,000 – 500,000

500,000 – 750,000

750,000 – 1,000,000

1,000,000 – 2,000,000

2,000,000 – 5,000,000

5,000,000 – 10,000,000

10,000,000 – up

10%

15%

20%

25%

30%

35%

40%

45%

15%

20%

25%

30%

35%

40%

40%

40%

20%

25%

30%

35%

40%

45%

50%

55%

25%

30%

35%

40%

45%

50%

50%

50%

BASIC TAX RATE:                                                                                  SEF TAX RATE:
–> Residential – 1.00%                                                                                       1%
–> Commercial, Industrial, Agricultural – 1.25%                                   1%
DISCOUNTS AND PENALTIES:
–> Prompt payment (paid on or before  last working day of the quarter– 10% discount if basic tax, SEF and other levies  paid  the deadline)
–> Advance payment (paid before January  1 of the current year– 20% discount on basic tax, SEF and other levies 1 of the taxable year)
–> Failure to pay tax – 2% interest per month on the unpaid amount or fraction thereof; but total interest shall not exceed 72%.

NOTE: For details, please refer to the following ordinances posted at www.naga.gov.ph/ordinances:
–> Ordinance No. 1993-042 – Real Property Ordinance, as amended by Ordinance No. 1996-050 -
Real Property Tax Assessment, Levy and Collection
–> Ordinance No. 1993-042 – Real Property Ordinance, as amended by Ordinance No. 2002-031 -
Real Property Tax Discount Rates
–> Ordinance No. 1993-060 – Revised Revenue Code
–> Ordinance No. 2001-085 – Schedule of Fair Market Values
–> Ordinance No. 2008-080 – Schedule of Fair Market Values

HOW TO AVAIL OF THE SERVICES

FOLLOW THESE STEPS IT WILL TAKE YOU PLEASE APPROACH
1. Computation of Real Property Tax

Present the requirements at the Computer Area. A tax bill or Real Property Tax Order of Payment (RPTOP) is, then, printed.

2 minutes per tax declaration

ARIEL MACALALAD
Admin Aide

Marita O. Garcia
Admin Aide

2. Payment

Present the tax bill to an assigned collector at the payment counter; and pay the taxes due.

15 minutes per

receipt

Collectors at Counter 3-8


CITY TREASURER’S OFFICE

GF, Main Building, J. Miranda Avenue, Concepcion Pequeña, Naga City
For more information, please contact:
Gregoria Nilda B. Abonal, City Treasurer
E-mail: cto@naga.gov.ph