| Real Property Tax Administration |
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Real-property taxation involves three basic stages. First is the inventory of the tax base. Here, LGUs make actual field inspection and record specific characteristics and owners of parcels of real-property located within a certain jurisdiction. Based on this information, LGUs prepare a schedule of current and fair market values of all types of real properties. Second, LGUs appraise each owner's real-property on the basis of the schedule. Thereafter, LGUs assess the properties based on the assessment levels provided in the Local Government Code. Finally, LGUs compute owners' tax liabilities by applying the tax rate prescribed by the local Sanggunian. The LGU then send notices of tax liabilities to property owners. Filing and Payment of Real Property Tax Requirements:
Procedure:
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