REAL PROPERTY TAX

PROBLEM EXERCISES:

1. Consider a residential land in Naga City has a MV of P 1,000,000 with an

assessment level (AL) of 20% and 1% tax rate (TR). Compute for the Assessed
value and determine the RPT.
P 4,000.00

2. Based on shown RPT receipt from Valenzuela, where given was an assessed value
of P146,080.00 and a Basic Tax of P1,460.80 and SEF of P1,460.80, how much
would be the estimated fair market value of the residential building improvement if
the assessment level is 10%.
P 1,460,800.00

3. Based on No. 2 above, if the Sangunian approves a discount of 20% how much
will be the total amount of tax due for the above property.
P 2,337.28
4. A basic tax of P 222 and SEF of P222, if these comprises 1% RPT rate and
additional 1% SEF Tax Rate, how much was the assessed value of the land?
P 22,200.00
5. A delinquent property owner wanted to redeem his property being offered on
auction by the city government, with an unpaid property tax of P300,000 and
expenses on the sale of the property of P50,000.00. How much does the owner has
to pay the city government if it took him 6 months to redeem his property?
P 386,000.00