CEBU CITY HOUSE AND LOT
North Belleza Talamban
CEBU NORTH HOUSE & LOT
Vista Verde Residential Estates
CEBU SOUTH HOUSE & LOT
CONDOMINIUMS
RAW LAND FOR SALE
HOUSES & APARTMENT
2BR apartment for rent in Mandaue
1BR condo for rent in Mandaue 15K
Metropolis 4BR house for rent 35K
Dona Rita Cebu City house rent 7BR
- Manuel Jr Arengo
- Real Estate Broker
- License No. 0007808
-
- Use this link to verify if your
- agent or broker is Listed in
- PRC as Real Estate Broker
- REAL ESTATE DOCS
- Earnest Money Agreement
- Contract to Sell
- Deed of Absolute Sale
- Special Power of Attorney
- Authority of Sell
- Lease Contract
- Extension of Authority to Sell
- Acknowledgment Receipt
- Sworn Statement
- Affidavit of Loss
- Right of Way Agreement
Want to earn extra income?
How much Realty Tax do I have to pay for my property yearly?
REAL ESTATE TAXATION Assessment Level for Land: Classification Not more than Residential 20% of FMV Commercial/ Industrial/ Mineral 50% of FMV Agricultural 40% of FMV Timber 20% of FMV Scientific/ Cultural/ Hospital 15% of FMV |
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Assessment Level of Improvement:
FMV over Not over Resd’l Comm’l/ Ind’l Agr’l Timber
175,000 0% 0% 0% 0%
175,000 300,000 10% 30% 25% 45%
300,000 500,000 20% 35% 30% 50%
500,000 750,000 25% 40% 35% 55%
750,000 1,000,000 30% 50% 40% 60%
1,000,000 2,000,000 35% 60% 45% 65%
2,000,000 5,000,000 40% 70% 50% 70%
5,000,000 10,000,000 50% 75% 50% 70%
10,000,000 60% 80% 50% 70%
Rate of Real Estate Tax
a) In Provinces – not exceeding one percent of assessed value.
b In Cities and Metro Manila Municipalities – not exceeding two percent of assessed value.
Sample Computation:
Basing on the above figures, if you have a land with a fair market value of P1,000,000
20% of this is P200,000.00 and if the land is in the City, that will be 2% of 200,000 = P4,000.00 per year for the land
If your house has a fair market value of P1,000,000 also, 30% of 1,000,000 = P300,000.00 so that will be 2% of P300,000.00 = P6,000.00 per year for the house or improvement. Your total realty tax therefore for house and lot is P10,000.00 per year.
Engr. and Real Estate Broker Manuel Jr Arengo
Real Estate License No. 0007808
Mobile No. +63922-255-6555
Email: [email protected]
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