Notice is hereby given to all real property owners that pursuant to the provisions of the Local Government Code ( R.A. 7160 ), the payment of the Basic Tax on real property, which is 1% of the assessed value and the additional 1% levied of the Special Education Fund.The same may however be paid in four ( 4 ) equal installments without interest or penalty, at the option of the taxpayers, as follows:


1st  Installment                –        on or before March 31

2nd  Installment               –        on or before June 30

3rd  Installment               –        on or before September 30

4th  Installment               –        on or before December 31


Taxes paid on or before the above stated schedule shall be entitled to a ten percent (10%) discount.


Failure to pay the basic real property and additional SEF tax on or before the dates indicated above shall subject the taxpayer to the payment of interest at the rate of two percent (2%) per month on the unpaid amount or fraction thereof, until the delinquent tax shall have been fully paid.


Likewise, the schedules of payments for Business Tax are follows:


1st  Quarter                     –        on or before January 20

2nd Quarter                     –        on or before April 20

3rd Quarter                     –        on or before July 20

4th Quarter                     –        on or before October 20


Business Taxes not paid on time shall be subjected to a surcharge of twenty five percent (25%) of the amount of tax plus fifteen percent (15%) per annum on the amount unpaid from the date until the tax is duly paid.