PMT Forum
How do you want to make money today?

Manila real property tax

af2013 · 7 · 3787

af2013

  • Probie
  • **
    • Posts: 13
    • Likes Received: +0/-0
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

  • Forum Champion 900
  • ****
    • Posts: 954
    • Likes Received: +0/-0
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

  • Probie
  • **
    • Posts: 13
    • Likes Received: +0/-0
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

  • PMT Idol 1000
  • ****
    • Posts: 1,407
    • Likes Received: +0/-0
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

  • Probie
  • **
    • Posts: 13
    • Likes Received: +0/-0
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

  • Probie
  • **
    • Posts: 23
    • Likes Received: +0/-0
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

  • Probie
  • **
    • Posts: 13
    • Likes Received: +0/-0

 


PMT Shoutbox

Refresh History
  • Post only questions or comments here. Advertisements NOT ALLOWED.
  • Anaperdi: Hi just want to know if meron dito who is into boundary hulog ng motorcycle? For mga riders ng courier. Pwede ba magpashare how it works? Naisip ko lang baka pwede ko ibusiness, meron na pala mga posts online pero di pa clear ang system sa akin. thank  you sa makakapansin
    Sep 21, 2019, 11:32 AM
  • Anaperdi: Hi newbie here..
    Sep 21, 2019, 11:19 AM
  • jprios: May contact ba kayo kung sakali?
    Sep 18, 2019, 06:11 PM
  • jprios: Sino pwedeng mahiraman dito?
    Sep 18, 2019, 06:09 PM
  • kfg52: Present!
    Sep 15, 2019, 07:26 PM
  • juju31: san po ba may nag papahiram dito
    Sep 14, 2019, 07:18 PM
  • juju31: hello
    Sep 14, 2019, 07:18 PM
  • FutureGizmo: Thanks julz! Medyo ganun nga trabaho namin ngayon, to monitor spam posts kasi ang daming spam bots. But thanks for reporting. Auto-ban agad ang spammers sa amin haha
    Sep 07, 2019, 12:17 PM
  • julz: @FutureGizmo si @nikkikv18 just posted more than 10 posts about porn sites. hay, spam.
    Sep 03, 2019, 01:05 PM
  • Cid_brent: sino po dyan pwede magbigay send ng paypal funds and I will pay you using gcash?
    Aug 25, 2019, 08:58 PM
  • Meghan91811: Sino po may alam about Rice Farming...
    Aug 25, 2019, 07:44 AM
  • roselove: hello po sa inyo... newbie here
    Aug 06, 2019, 03:31 PM
  • Niel Jhacoubs: Sino palaging active dito?
    Jul 30, 2019, 04:15 PM
  • dagocjasonrey: Anong update dito?
    Jul 22, 2019, 08:49 PM
  • mark_Lee: anong bago dito
    Jun 28, 2019, 01:03 AM
  • mark_Lee: balita
    Jun 28, 2019, 01:03 AM
  • Lovelyprincess72: hi everyone , I'm newbie here
    Jun 27, 2019, 02:36 PM
  • Niel Jhacoubs: Musta?
    Jun 26, 2019, 01:43 PM
  • Forexanalysis: Hello
    Jun 25, 2019, 06:33 PM
  • Niel Jhacoubs: Hello sa mga online jan! :)
    Jun 15, 2019, 02:58 PM
  • oragon: :applause:
    May 20, 2019, 03:53 PM
  • FutureGizmo: Thank you for reporting those spam posts, oragon! Spam posts now deleted.
    May 20, 2019, 01:59 PM
  • oragon: Admin kindly monitor some peps! posting and sharing inappropriate nude photos and website links
    May 20, 2019, 01:52 PM
  • @culinary10: Hello I am new here! Regarding sa bdo life insurance for 8 years, pwede pa kaya ma refund yung binayad ko na 50k last year? Gusto ko sana icancel kasi lack of financial na, last may 15 2018 po un nag start ako ng life insurance, pinili ko annually kaso etong may 15 2019 wala nako ma ipay so gusto ko sana icash out, may alam ba kayo kung pano marerefund?
    May 17, 2019, 07:56 PM
  • FutureGizmo: Hi Sonny, the posting issue is now resolved. Thanks for informing us! We're currently testing a new, mobile-ready theme so let us us know kung may problema pa sa Forum. :)
    Apr 04, 2019, 10:40 AM
  • sonny.wapak: Nakaka receive din ba kayo nito pag gawa ng new post? "Please try again. If you come back to this error screen, report the error to an administrator."
    Apr 03, 2019, 10:56 PM
  • leonine_zafiro: what product nun?
    Apr 01, 2019, 10:25 PM
  • dhondiex27: hi
    Mar 30, 2019, 10:55 PM
  • lusart: jayrob i agree 200%. hulog ng langit organico. legit na legit
    Mar 29, 2019, 09:08 AM
  • palemelch: Hi
    Mar 28, 2019, 04:08 PM
  • O.C.W._AK: Magandang Araw sa Lahat! Blessings! (",)
    Mar 28, 2019, 08:42 AM
  • thor15: hello everyone, newbie here
    Mar 25, 2019, 01:47 AM
  • captjaylo: present newbie here
    Mar 22, 2019, 10:06 AM
  • balboagilbert26: hello Guys .. Newbie here
    Mar 21, 2019, 10:55 PM
  • businesswoman2019: @jefsanity nag inquire na po ako pero di sila nagdidisclose. Yung branch po kasi na target ko, currently building pa.
    Mar 21, 2019, 04:27 PM
  • jefsanity: @businesswoman2019, much better inquire ka na lang sa admin nila.
    Mar 21, 2019, 01:51 PM
  • businesswoman2019: Hello! Any idea how much ang stall sa waltermart. 2m x 2m
    Mar 21, 2019, 08:28 AM
  • John Neil: Looking for an accredited iron foundry
    Mar 17, 2019, 03:19 PM
  • jayrob: Mark_Lee ung organico legit po yan..  Member din AQ..
    Mar 17, 2019, 12:57 AM
  • perlymelad: Hello po! Need advice, why my new MLM leaders failing?
    Mar 14, 2019, 08:51 PM
  • perlymelad: Present
    Mar 12, 2019, 07:53 PM
  • kennethmauricio: Hi saan po dito pwede mag post ng for sale properties?
    Mar 11, 2019, 07:58 PM
  • jefsanity: @mark_lee isipin mo anu passion mo at skills mo...
    Mar 11, 2019, 06:52 PM
  • sniperaj09: BAGO LANG
    Mar 10, 2019, 11:16 AM
  • mark_Lee: magandang investnent ngayon sa 30k suggest naman keo mga boss
    Mar 10, 2019, 03:07 AM
  • perlymelad: E-BOOK PO SIR @JEFSANITY
    Mar 09, 2019, 05:40 PM
  • perlymelad: @jefsanity Good Morning Po
    Mar 09, 2019, 05:39 PM
  • perlymelad: Good Day everyone
    Mar 04, 2019, 06:24 PM
  • jefsanity: anu ang small business na yan?
    Feb 28, 2019, 07:40 PM
  • perlymelad: Good Day Everyone
    Feb 28, 2019, 03:31 PM