Owners of land and buildings have to pay real property taxes annually. Taxes are a percentage of the property’s taxable value.
Taxable value is computed by multiplying a land or building’s Fair Market Value (FMV) to its Assessment Level. Both the FMV and the Assessment Level are based on an ordinance passed by the Sangguniang/City Council. The City Assessor’s Office submits to the Sangguniang a new Schedule of Fair Market Values every 3 years. Real property tax payments are made at the Land Tax Division of the CTO. Taxpayers may choose to pay on an annual or quarterly basis. Discounts are given to those who pay in advance and those who pay on time.
TAXES, FEES AND DISCOUNTS
TAXES
Basic Real property Tax = Fair Market value X Assessment Level X Basic Tax Rate
Additional Tax (Special Education Fund) = Fair Market Value X Assessment Level X 1.00%
FAIR MARKET VALUE
Based on the Schedule of Fair Market Values proposed by the City Assessor and approved by the Sangguniang Panlungsod.
ASSESSMENT LEVEL
On Land
| TYPE | ASSESSMENT LEVEL |
| Residential | 15% |
| Agricultural | 30% |
| Commercial | 30% |
| Industrial | 40% |
| Mineral | 30% |
ASSESSMENT LEVEL
| FAIR MARKET VALUE | RESIDENTIAL | AGRICULTURAL | COMMERCIAL /
INDUSTRIAL |
TIMBERLAND |
| 175,000 – 200,000 | 10% | 15% | 20% | 25% |
| 200,000 – 500,000 | 15% | 20% | 25% | 30% |
| 500,000 – 750,000 | 20% | 25% | 30% | 35% |
| 750,000 – 1,000,000 | 25% | 30% | 35% | 40% |
| 1,000,000 – 2,000,000 | 30% | 35% | 40% | 45% |
| 2,000,000 – 5,000,000 | 35% | 40% | 45% | 50% |
| 5,000,000 – 10,000,000 | 40% | 40% | 50% | 50% |
| 10,000,000 – up | 45% | 40% | 55% | 50% |
| BASIC TAX RATE | SEF TAX RATE | |
| Residential | 1.00% | 1% |
| Commercial, Industrial, Agricultural | 1.25% | 1% |
DISCOUNTS AND PENALTIES
| Prompt payment (paid on or before the last working day of the quarter | 10% discount if basic tax, SEF and other levies paid the deadline) |
| Advance payment (paid before January 1 of the current year | 20% discount on basic tax, SEF and other levies 1 of the taxable year) |
| Failure to pay tax | 2% interest per month on the unpaid amount or fraction thereof; but total interest shall not exceed 72%. |
For details, please refer to the following ordinances posted at www.naga.gov.ph/ordinances:
CHECKLIST OF REQUIREMENTS | WHERE TO SECURE | |||
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CLIENT STEPS | AGENCY ACTION | FEES TO BE PAID | PROCESSING TIME | PERSON RESPONSIBLE |
Present the requirements at the Computer Area. | 2. A tax bill or Real Property Tax Order of Payment (RPTOP) is, then, printed. | 4 minutes per tax declaration | ARIEL M. MACALALAD Administrative Aide II ROLANDO A. BOBIS JR. Local Revenue Collection Officer I VERGIE B. GABRINAO (Casual) MARILYN J. MENDOZA | |
3. Payment Present the tax bill to an assigned collector at the payment counter; and pay the taxes due. | See rates above. | 5 minutes per tax declaration | Collecting personnel: OLGA B. IMPERIAL Revenue Collection Clerk II JOEL R. ARROYO Revenue Collection Clerk II MARY JANE S. BELLEZA Revenue Collection Clerk II CHRISTHABELLE B. VELARDE Revenue Collection Clerk II HAIDE C. SEMPUEGO Revenue Collection Clerk I LEO RCARDO N. GENERAL Collector Designate DEXTER B. QUIAPO Revenue Collection Clerk II Reliever: TUDY T. ESTRELLA Revenue Collection Clerk II RONAN EMMANUEL A. CUYO ROSABELINDA R. DEL VILLAR Administrative Aide IV MARILYN S. EMBESTRO Administrative Officer V | |
TOTAL | P | 9 minutes | ||
102 – G/F Main City Hall Bldg., Naga City Hall Complex, Juan Q. Miranda Ave., Concepcion Pequeña, Naga City
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