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Ad Valorem Tax on Real Property

Started by MikeLigalig.com, October 11, 2012, 07:32:40 PM

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MikeLigalig.com

October 11, 2012, 07:32:40 PM
1. A municipality may levy an annual ad valorem tax on  real property such as
land, building, machinery, an d other improvement only if

A. the real property  is within the Metropolitan Manila Area.
B. the real property is located in the municipality.
C. the DILG authorizes it to do so.
D. the power is delegated to it by the province.

Answer is letter A
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