Buying your own property is one of the greatest achievements you will acquire. It is one of the main reasons why we all work hard because property prices are very expensive. The amount of property will depend on the size you will buy, so you really need to save a large amount of money to be able to buy a property. Then once you buy your own property, you think you’re good already? That doesn’t end there. If you own a house, land, or building you must be well aware that it is your responsibility to pay Real Property Tax (RPT). If you wanted to know more, here are the things you need to know as a property owner.
What is a Real Property Tax?
Real Property Tax (RPT) is a tax that you need to pay annually if you own a house, land, building, or any property. RPT is imposed by the Local Government Unit (LGU) and was specified under the Local Government Code. The reason why RPT is implemented is to increase the funding for LGU so that they can provide basic public services.
Who Needs to Pay RPT?
Anyone who owns property needs to pay RPT. It can either be land, building, or house, whether it’s for commercial or residential use as long as your name is written in land titles or certificates of property ownership, you need to pay RPT.
How to Compute RPT Payment?
If you want to know how much you need to pay, you can compute it yourself. Here’s what you should do:
Multiply the RPT rate by the property taxable value
If you don’t know the taxable value, here’s what you should do:
Multiply the actual market value of the property to the property’s assessment level
Payment Schedule:
You have an option to pay your RPT in full or quarterly installments, it depends on. But if you wanted to pay it in full, you need to pay every 31st of January every year. However, if you want to pay it in quarterly installments, you need to pay it every:
- January 31 (First Quarter)
- June 30 (Second Quarter)
- September 30 (Third Quarter)
- December 31 (Fourth Quarter)
As a final point, if you can afford to buy a property, it is your responsibility to allot money to pay your RPT as well. It is important that you must be well aware of the things you need to know as a property owner so that there will no problem that might cause you inconvenience.
READ:
Housing Loan Guide For Your Dream House
BPI Housing Loan Guide
Hi, i read your blog from time to time and i own a similar one and i was just curious if you get a lot
of spam comments? If so how do you stop it, any plugin or
anything you can suggest? I get so much lately it’s driving me crazy so any assistance is very much
appreciated.
What a data of un-ambiguity and preserveness of precious experience on the
topic of unexpected emotions.
Thanks for finally writing about > Things You Need to Know
as a Property Owner – Usapang Piso < Liked it!
Thanks for sharing your thoughts. I truly appreciate your
efforts and I am waiting for your further write ups thank you
once again.
I like the helpful information you provide in your articles.
I’ll bookmark your blog and check again here
regularly. I am quite certain I will learn lots of new stuff right here!
Good luck for the next!
Right here is the right webpage for everyone who wishes to find out about this topic.
You realize a whole lot its almost tough to argue with you (not that I really
would want to…HaHa). You definitely put a fresh spin on a subject
that has been written about for years. Excellent stuff,
just great!
I love what you guys are up too. This type of clever
work and reporting! Keep up the amazing works guys I’ve you guys to blogroll.
Heya i’m for the first time here. I found this board
and I find It truly useful & it helped me out much.
I’m hoping to provide one thing again and aid others such
as you aided me.
Hey There. I found your blog using msn. This is an extremely well
written article. I’ll make sure to bookmark it and come back
to read more of your useful info. Thanks for the post.
I’ll certainly return.
If you are going for finest contents like I do, only
pay a visit this web site all the time since it offers feature contents,
thanks
Hi there, I check your blogs like every week. Your humoristic style is awesome, keep up the good work!
I every time spent my half an hour to read this weblog’s content all the time along with a cup
of coffee.
That is a good tip particularly to those fresh to the blogosphere.
Simple but very accurate info… Thanks for sharing this one.
A must read article!
ed problems treatment
when will generic cialis be available in the us purchasing cialis in the usa where can i buy cialis 20mg
ivermectin prices ivermectin cost australia worming sheep with ivermectin
compare ed drugs erectile dysfunction treatment pharmacy online
pumps for ed best ed pill best drugs for erectile dysfunction
generic over the counter prednisone cheap prednisone prednisone 20 mg
prednisone 10 tablet cheap prednisone prednisone without prescription 10mg
ed medications over the counter best ed pills non prescription online drug store
My brother suggested I would possibly like this web site.
He was once entirely right. This submit truly made my day.
You cann’t believe simply how much time I had spent for this info!
Thank you!
cialispills online cheap t jet 60 cialis online buy cialis online in usa
I’m not sure why but this web site is loading incredibly
slow for me. Is anyone else having this problem or is it a issue on my end?
I’ll check back later and see if the problem still
exists.
best ed medications ed pills cheap cheap ed pills
best ed pills non prescription pain meds without written prescription non prescription erection pills
prescription drugs without doctor approval canadian online pharmacy how to get prescription drugs without doctor
ivermectin for rabbit fur mites ivermectin rosacea reddit ivermectin for scabies dosing
online canadian drugstore buy prescription drugs from canada buy prescription drugs from canada
propecia women propecia online propecia cheapest no prescription
pills erectile dysfunction impotence pills non prescription erection pills
I will immediately seize your rss feed as I can’t find your email subscription link or e-newsletter service.
Do you have any? Please allow me understand so that I could subscribe.
Thanks.
overseas pharmacies online reputable online pharmacies in india india pharmacy
discount prescription drugs online ordering prescription drugs from canada trusted online canadian pharmacy reviews
cheap generic drugs from india buy medication online from india buy prescriptions from india pharmacy