What are the requirements for Paying RPT?

Commonly, the LGUs require you to present the following on paying your RPT:

1. Previous Official Receipt of Tax Payment
2. Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
3. Tax Declaration Number

The aforementioned documents are to be submitted for assessment – by contrast, when you have already paid your real property tax before, it is best to secure and show your Tax Receipt from your previous transaction.

Real Property Tax is paid quarterly, however you may secure a discount if you pay one year in advance. City or Municipal treasurer usually begins the releasing of real property tax assessment as early as November of the current year for the following year’s real property tax assessment. The discount can be as much as 10 to 20% depending on the city or municipal treasurer.

Tax Declaration of Real Property

In paying the RPT, a tax declaration is needed. A tax declaration is a property record that shows the property’s assessed value, which serves as a basis for calculating real property tax. Once the property registration is approved, you’ll receive a tax declaration number.