What Happens If Real Property Tax is Not Paid On Time
(for Real Properties Assessed for the First Time)
A ) Delinquent Years Assess Tax Tax Accum Annual
No. MV Level AV Rate Due Rate Int. Total
1 2002 300,000 20% 60000 0.025 1500 72% 1080 2580
2 2003 300,000 20% 60000 0.025 1500 72% 1080 2580
3 2004 300,000 20% 60000 0.025 1500 72% 1080 2580
4 2005 300,000 20% 60000 0.025 1500 72% 1080 2580
5 2006 300,000 20% 60000 0.025 1500 72% 1080 2580
6 2007 300,000 20% 60000 0.025 1500 72% 1080 2580
7 2008 400,000 20% 80000 0.025 2000 72% 1440 3440
8 2009 400,000 20% 80000 0.025 2000 72% 1440 3440
9 2010 400,000 20% 80000 0.025 2000 48% 960 2960
10 2011 400,000 20% 80000 0.025 2000 24% 480 2480
17000 10800 27800
B)Current Year
2012 This is current 800,000 0.025 2000 90% 1800
with 10% discount, if paid on or before March 31, 2012)
C) On Advance Payment
2013 20% is granted If 2013 is paid in 2012, meaning an advance payment
800,000 0.025 2000 80% 1600
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