WorksheetsReal Property Taxation
Total questions: 12
Worksheet time: 9mins
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A province, city or municipality may impose a special levy on the lands comprised within its territorial jurisdiction specially benefited by public works projects or improvements funded by the local government unit concerned, provided that the special levy
shall not exceed 60% of the actual cost of such projects and improvement
shall not exceed 70% of the actual cost of such projects and improvement
shall not exceed 80% of the actual cost of such projects and improvement
shall not exceed 20% of the actual cost of such projects and improvement
All of the following are considered idle lands, EXCEPT?
Lands, other than agricultural, more than one thousand 1,000) square meters in area one-half (1/2) of which remain unutilized or unimproved by the owner
Agricultural lands, more than one hectare in area, suitable for cultivation, dairying, inland fishery, and other agricultural uses, one-half (1/2) of which remain uncultivated
residential lots in subdivisions duly approved by proper authorities, which remain unutilized or unimproved, the ownership of which has been transferred to individual owners
Agricultural lands planted to permanent or perennial crops with at least fifty (50) trees to a hectare
A province or city may levy and collect an annual tax of one percent (1%) on the assessed value of real property
proceeds thereof shall exclusively accrue to the Special Education Fund (SEF).
proceeds thereof shall exclusively accrue to the local government unit
proceeds thereof shall exclusively accrue to the local chief executive
none of the above
Additional tax on idle lands is
none of the choices
2% of the assessed value of the property, if located within Metro Manila
at rate not exceeding one percent (1%) of the assessed value of the property
at rate not exceeding five percent (5%) of the assessed value of the property
Which of the following is exempted from Real Property tax?
Real property owned by the Republic of the Philippines or any of its political subdivisions
All machineries and equipment that are actually, directly and exclusively used by local water districts and GOCC's engaged in the supply and distribution of water and/or generation and transmission of electric power
Charitable institutions, churches, parsonages or convents appurtenant thereto,
all of the choices
Upon receipt of the written notice of assessment, the owner of the property may appeal to the Board of Assessment Appeals
within 60 days
within 120 days
within 180 days
none of the choices
All expenses of the Board of Assessment Appeals shall be charged against the general fund of the province or city
TRUE
FALSE
I DON'T KNOW
I DON'T CARE
The Board shall decide the appeal ...
within 60 days from the date of receipt of such appeal.
within 120 days from the date of receipt of such appeal.
within 120 days from the date of receipt of notice of assessment.
within 80 days from the date of receipt of notice of assessment
The Central Board of Assessment appeals shall be composed of
a chairman and 3 members to be appointed by the local chief executive
2 chairman and 1 member to be appointed by the President
a chairman and 2 members to be appointed by the President
none of the choices
Tax discount for advance or prompt payment
not exceeding 20% of the annual tax due.
not exceeding 20% of the due for that quarter
not exceeding 20% of the assessed value
none of the choices
When an assessment of basic real property tax, or any other tax levied under this Title, is found 111 to be illegal or erroneous and the tax is accordingly reduced or adjusted, the taxpayer may file a written claim for refund or credit for taxes
within 2 years from the date the taxpayer is entitled to such reduction or adjustment
within 60 days from the date the taxpayer is entitled to such adjustment
within 120 days from the date the taxpayer is entitled to such adjustment
none of the choices
