Real Property Tax Calculator Philippines 2020

Calculate your real property tax in the Philippines for 2020 using this comprehensive calculator. Learn about the tax rates, exemptions, and how to compute your property tax based on the assessed value of your property.

How to Use This Calculator

To calculate your real property tax for 2020 in the Philippines, follow these steps:

Enter the assessed value of your property in Philippine Pesos (PHP).
Select the appropriate tax rate based on your property classification.
Click the "Calculate" button to compute your property tax.
Review the result and any applicable exemptions or deductions.

Note: The assessed value is determined by the local government unit (LGU) and may differ from the market value of your property.

Formula Used

The real property tax is calculated using the following formula:

Real Property Tax = Assessed Value × Tax Rate

Where:

Assessed Value - The value of the property as determined by the local government
Tax Rate - The applicable tax rate based on property classification

Real Property Tax Rates in Philippines 2020

The tax rates for real property in the Philippines for 2020 vary depending on the classification of the property. The standard tax rates are as follows:

Property Classification	Tax Rate
Residential	0.50%
Commercial	1.00%
Industrial	1.50%
Agricultural	0.25%
Special Purpose	0.75%

These rates are subject to change and may vary by local government unit.

Tax Exemptions and Deductions

Certain properties and situations may qualify for tax exemptions or deductions. Common exemptions include:

Properties owned by government agencies
Properties used for charitable purposes
Properties with historical significance
Properties with special economic zones designation

Deductions may be available for properties with certain improvements or features that increase their value.

Worked Example

Let's calculate the real property tax for a commercial property with an assessed value of PHP 5,000,000.

Assessed Value = PHP 5,000,000
Tax Rate = 1.00% (Commercial)
Real Property Tax = 5,000,000 × 0.01 = PHP 50,000

The calculated real property tax for this commercial property is PHP 50,000.

Frequently Asked Questions

How often is real property tax calculated in the Philippines?

Real property tax is typically calculated annually based on the assessed value of the property for the current year.

Can I appeal my real property tax assessment?

Yes, property owners can appeal their real property tax assessment if they believe the assessed value is incorrect. The appeal process is typically handled by the local government unit.

Are there any penalties for late payment of real property tax?

Yes, late payment of real property tax may incur penalties and interest charges as determined by the local government unit.