NOTICE OF PAYMENT OF REAL PROPERTY TAX
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.
EVA DOLORES A. RIVERA