The yearly tax on your land and house is not charged on what the property is worth. It is charged on a fraction of it. Work out what you actually owe, what a quarter costs, and what it costs to pay late.
The values here come from the declaration, not from the selling price
For one year
Local Government Code (RA 7160) section 218. Your city or municipality sets its own levels by ordinance and they cannot be higher than these — but they are often lower, so check your tax declaration.
| Class | Max level |
|---|---|
| Residential | 20% |
| Timberland | 20% |
| Agricultural | 40% |
| Commercial | 50% |
| Industrial | 50% |
| Mineral | 50% |
| Market value | Residential | Commercial |
|---|---|---|
| Up to ₱175,000 | 0% | 30% |
| ₱175,000 – 300,000 | 10% | 30% |
| ₱300,000 – 500,000 | 20% | 35% |
| ₱500,000 – 750,000 | 25% | 40% |
| ₱750,000 – 1,000,000 | 30% | 50% |
| ₱1,000,000 – 2,000,000 | 35% | 60% |
| ₱2,000,000 – 5,000,000 | 40% | 70% |
| ₱5,000,000 – 10,000,000 | 50% | 75% |
| Over ₱10,000,000 | 60% | 80% |