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Tag: fair market value

real property tax in the philippines

What You Need to Know About Real Property Tax (RPT) In The Philippines

Real Property Tax (RPT) is a tax that owners of real property need to pay every year so that the local government unit (LGU) will not auction off their property ...
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Paranaque adopting revised schedule of values of real property?

No increase in real property taxes in Paranaque City for 2012

This is a follow up to my post about the possibility that Paranaque City will be adopting a revised schedule of values for real properties. It turns out that Paranaque ...
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BIR to fast track the revision of the schedule of zonal values of real properties nationwide

BIR to fast track the revision of the schedule of zonal values of real properties nationwide

A post by Cherry Castillo In my earlier post, I noted that the BIR has been releasing issuances showing that they are keen on collecting more revenues from real property ...
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Recent BIR Issuances on Property Valuation may affect real estate investors

Recent BIR Issuances on Property Valuation may affect real estate investors

I can see that the BIR is dead serious in collecting revenues for the government and is exploring all avenues where tax collection can be improved. In fact, the BIR ...
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What is Transfer Tax?

What is Transfer Tax?

A transfer tax is imposed on tax on the sale, donation, barter, or any other mode of transferring ownership or title of real property at the maximum rate of 50% ...
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