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Author Topic: Ad Valorem Tax on Real Property  (Read 889 times)

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Ad Valorem Tax on Real Property
« on: 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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