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Manila real property tax

af2013 · 7 · 3686

af2013

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on: Aug 27, 2014, 11:24 AM
I have a condo unit in Manila. To give you an idea of it's value:

1. It's a 45 sqm unit
2. In the Sta. Ana area
3. NOT from a big name developer
4. Purchased at 2.1m and renovations worth about 0.6m

According to city hall, the tax that I have to pay for it is 23k per year!!

I know the assessment can depend on a lot of things, but does 23k sound correct? Or is there something I can do about it?


Ironkiwi

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Reply #1 on: Aug 27, 2014, 11:40 AM
Ask the breakdown of 23K.
May tax na para sa house at tax para sa land


af2013

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Reply #2 on: Aug 27, 2014, 02:40 PM
I did, and apparently their assessed value increased from 465k the previous year to 1.267m this year. It's almost a 300% increase!!

Anyone else felt this?

EDIT: It's only a condo unit, so there's no tax on land.
« Last Edit: Aug 27, 2014, 02:42 PM by af2013 »


mxherr5

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Reply #3 on: Sep 02, 2014, 10:43 PM
Bakit ang laki sir?

Ang pag compute ng amilyar is
Fair Market Value x Assessment Level = Assessed Value.
Ang max assessment level pag residential ay 20% lang as per law
at ang max amilyar rate ay 2% lang as per law.

So, mukhang ok naman computation ng amilyar, ang 23k ay nearly
2% ng assessed value na 1.267M

Pero paano naging 1.267M ang assessed value?
Ibig sabihin nyan ang presyo ng binili nyong condo ay dapat 6.335M
Pero sabi mo 2.1M lang


af2013

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Reply #4 on: Sep 11, 2014, 05:42 PM
Tama sir, 2.1m lang bili ko, plus around 600-700k na renovation.

Would you know if I can still appeal/negotiate with city hall if they have assessed incorrectly?


ymari

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Reply #5 on: Sep 11, 2014, 10:09 PM
@mxherr5, i have question rin po, yun po property ng parent ko, lote na lang taxable kasi lumang luma na bahay, ang assessed value is 96,230.00, then ang  tax due is 3,368.04 (year 2012). Tama ba ang singil sa amin, parang masyadong malaki ang tax? Magkano po kaya ang market value based sa assessed value nila? Sa Quezon City po kami, Novaliches. Thanks


af2013

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