26 Questions
According to Section 246, when does the real property tax accrue?
On the first day of January
According to Section 247, who is responsible for the collection of the real property tax?
The city or municipal treasurer
According to Section 248, when should the assessor submit the assessment roll to the treasurer of the local government unit?
On or before the thirty-first (31st) day of December
Which entity is responsible for conducting the sale of real property if there are no bidders or if the highest bid is insufficient to cover the taxes and costs?
The local treasurer
What happens if the taxpayer does not redeem the forfeited property within one year from the date of forfeiture?
The property will be transferred to the Registrar of Deeds
Under what circumstances can a court declare a sale at public auction invalid?
If the delinquent owner's rights have been impaired
What is the time limit for the collection of real property taxes?
5 years
When should the notice of the dates when the tax may be paid without interest be posted?
On or before March Thirty-first (31st)
In how many equal installments can the basic real property tax and the additional tax for Special Education Fund (SEF) be paid without interest?
4
What discount may be granted if the basic real property tax and the additional tax for Special Education Fund (SEF) are paid in advance?
20%
Within how many days should a protest in writing be filed after paying the tax?
30
Which action may be taken if the basic real property tax is not paid on time?
The property may be sold at public auction.
What happens if the total interest on the unpaid tax exceeds 36 months?
The taxpayer is only required to pay the interest up to 36 months.
What does the basic real property tax constitute a lien on?
All liens, charges, or encumbrances in favor of any person.
What action may be taken for the collection of the basic real property tax?
Administrative action through levy on real property.
Which action may be instituted for the collection of tax in case of fraud or intent to evade payment?
Civil action
What is the period of prescription within which to collect the tax?
10 years
Under what circumstances is the period of prescription suspended for the collection of tax?
When the owner of the property requests for reinvestigation
How are the proceeds of the basic real property tax distributed in provinces?
35% to the general fund of the province, 40% to the general fund of the municipality, 25% to the Barangay
According to Section 276, when can the Sanggunian condone or reduce real property tax and interest?
All of the above
According to Section 278, who is responsible for furnishing the provincial, city, or municipal assessor with copies of contracts related to real property?
The Registrar of Deeds and notaries public
According to Section 279, which entities are required to furnish the provincial, city, or municipal assessor with information regarding insurance on buildings, structures, and improvements?
The Insurance companies
Which one of the following is true about the advertisement for the sale of the property?
The advertisement is posted at the main entrance of the provincial, city or municipal building and in a publicly accessible and conspicuous place in the Barangay where the property is located.
What happens if the owner of the property pays the delinquent tax, interest, and expenses of sale before the date fixed for the sale?
The sale will be cancelled.
How long does the owner of the delinquent property have to redeem the property after it has been sold?
1 year
What happens if the owner or person having legal interest fails to redeem the delinquent property?
The local treasurer will execute a deed conveying the property to the purchaser.
Test your knowledge on the collection of taxes and prescription periods for fraud or intent to evade payment. Learn about the circumstances that can suspend the period of prescription and the time limit for collection.
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