Local Taxes as to imposing authority

PROVINCIAL

-RPT

RPT related taxes

SEF

ILT

Local Trasnfer Tax

Inter vivos or mortis causa

Nature – annual tax

Di need na titulado ang lupa basta ikaw ang occupied sa property kaya may tinatawag tayong tax dec.

It is annual due

Magkakaiba according to classification. Bawal ka magtayo ng sm sa agriculture kase may mavibiolate ka

sac ty zoning rule regulation. Di natin tinitignan yung zoning, actual use ang tinitignan natin. Ano gamit
ng property. Ex, bahay (resiential) ginagawang warehouse. Hindi siya residual kahit na bahay siya,
commercial siya

PROPERTY CLASSIFICATION

Residential – habitation (tirahan)

Agriculture – may biological transformation ex. farm

Commercial – for accrual of profits (pinagkakakitaan) ex. Restaurant

Industrial – phases of production, hindi biological transformation ang nature niya ex. Factory

Mineral – pwede pag minahan

Timberland – puro kahoy and walang agri activity

Boarding house – primarily tulugan ng tao (residential) eh business yon diba? Business iyan sa iisang tao
pero tulugan sa maraming lessee

ALWAYS REMEMBER THE BASIC CLASSIFICATION

Bakit kailangan natin malaman yung basic property classification? Kase meron tayo assessment levels,
ano ito? Ito yung portion of FV of property na authorized ng Local government

Residential – 20% (assess value)

Ang prov tax pwedeng iimpose ng city, ang city cinocollect ang prov and mun tax.

Agriculture – 40%

Commercial – 50%

Assessment level x Fair Market Value

Paano naman ang mga improvements, paano sila tinatax? Dalawa kase ang tinatax sa RPT, Land and
immovable.

Improvements – may sariling assessment level sila (residential, agri and commercial)

Paano yung mga bldgs, May sariling assessment level sila. Sa board, binibigay ng examiner yung table.

House – residential (residential rate)

Restaurant, bldg ng restaurant ay improvement. May tax sila depende sa value.

In practice, we will just look at the table kung magkano ang value niya

Get the fair value of the land then the assessment value ng land

Sa improvement, FV ng improvement multiply to assessment level ng improvement.

San kukunin ang fair value? Dun sa assessor, may record ang mun assessor or prov assessor

WHEN IT COMES TO TAX RATE NAMAN

Magkakaiba ang tax rate ng cities and municipalities AND IT WILL BE DISCUSSED FURTHER NG NEXT
REPORTER

And the deadlines and penalties will be discussed again ng next reporter.

Condonation of unpaid RPT

-general failure of crops

-substantial decrease in price of agri or agri bases products

-calamity

SEF (special education fund tax)