Podcast
Questions and Answers
According to Section 246, when does the real property tax accrue?
According to Section 246, when does the real property tax accrue?
- On the last day of January
- On the last day of December
- On the first day of February
- On the first day of January (correct)
According to Section 247, who is responsible for the collection of the real property tax?
According to Section 247, who is responsible for the collection of the real property tax?
- The provincial assessor
- The city or municipal treasurer (correct)
- The city or municipal government
- The Barangay treasurer
According to Section 248, when should the assessor submit the assessment roll to the treasurer of the local government unit?
According to Section 248, when should the assessor submit the assessment roll to the treasurer of the local government unit?
- On or before the first day of January
- On or before the thirty-first (31st) day of December (correct)
- On or before the last day of December
- On or before the fifteenth (15th) day of January
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?
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?
What happens if the taxpayer does not redeem the forfeited property within one year from the date of forfeiture?
What happens if the taxpayer does not redeem the forfeited property within one year from the date of forfeiture?
Under what circumstances can a court declare a sale at public auction invalid?
Under what circumstances can a court declare a sale at public auction invalid?
What is the time limit for the collection of real property taxes?
What is the time limit for the collection of real property taxes?
When should the notice of the dates when the tax may be paid without interest be posted?
When should the notice of the dates when the tax may be paid without interest be posted?
In how many equal installments can the basic real property tax and the additional tax for Special Education Fund (SEF) be paid without interest?
In how many equal installments can the basic real property tax and the additional tax for Special Education Fund (SEF) be paid without interest?
What discount may be granted if the basic real property tax and the additional tax for Special Education Fund (SEF) are paid in advance?
What discount may be granted if the basic real property tax and the additional tax for Special Education Fund (SEF) are paid in advance?
Within how many days should a protest in writing be filed after paying the tax?
Within how many days should a protest in writing be filed after paying the tax?
Which action may be taken if the basic real property tax is not paid on time?
Which action may be taken if the basic real property tax is not paid on time?
What happens if the total interest on the unpaid tax exceeds 36 months?
What happens if the total interest on the unpaid tax exceeds 36 months?
What does the basic real property tax constitute a lien on?
What does the basic real property tax constitute a lien on?
What action may be taken for the collection of the basic real property tax?
What action may be taken for the collection of the basic real property tax?
Which action may be instituted for the collection of tax in case of fraud or intent to evade payment?
Which action may be instituted for the collection of tax in case of fraud or intent to evade payment?
What is the period of prescription within which to collect the tax?
What is the period of prescription within which to collect the tax?
Under what circumstances is the period of prescription suspended for the collection of tax?
Under what circumstances is the period of prescription suspended for the collection of tax?
How are the proceeds of the basic real property tax distributed in provinces?
How are the proceeds of the basic real property tax distributed in provinces?
According to Section 276, when can the Sanggunian condone or reduce real property tax and interest?
According to Section 276, when can the Sanggunian condone or reduce real property tax and interest?
According to Section 278, who is responsible for furnishing the provincial, city, or municipal assessor with copies of contracts related to real property?
According to Section 278, who is responsible for furnishing the provincial, city, or municipal assessor with copies of contracts related to real property?
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?
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?
Which one of the following is true about the advertisement for the sale of the property?
Which one of the following is true about the advertisement for the sale of the property?
What happens if the owner of the property pays the delinquent tax, interest, and expenses of sale before the date fixed for the sale?
What happens if the owner of the property pays the delinquent tax, interest, and expenses of sale before the date fixed for the sale?
How long does the owner of the delinquent property have to redeem the property after it has been sold?
How long does the owner of the delinquent property have to redeem the property after it has been sold?
What happens if the owner or person having legal interest fails to redeem the delinquent property?
What happens if the owner or person having legal interest fails to redeem the delinquent property?
