Real Property Tax
Commercial Real Property Tax payment is crucial in starting and maintaining a business in Magsaysay. The Municipal Government uses the dues to develop infrastructure and enhance services for the benefit of the Municipal residents and entrepreneurs. By paying the proper amount, the Municipal Government helps local businesses to further prosper. In Magsaysay, corporate taxpayers enjoy simplified, hassle-free payment procedures. Taxpayers do not have to bother with long lines and tedious paperwork. Oftentimes, Real Property Tax dues can be assessed by simply providing the tax declaration number and business name. For new establishments, owners must first request for a site inspection and real estate tax assessments. Tax dues may vary according to type of structure or land, and materials used.
Pay Real Property Taxes
Existing Establishment
Procedure:
1. Visit the Real Property Tax Payment Office, Ground Floor, Municipal Hall, Poblacion, Magsaysay, Misamis Oriental.
2. Present the Tax Declaration Number or Official Receipt of previous tax payment for the issuance of an Order of Payment.
3. Pay the tax dues indicated in the Order of Payment.
New Establishment
In transferred real property
Applicants should have the following documents:
1. Transfer Certificate of Title (Certified True Copy)
2. Deed of Sale/Donation/Transfer or other document indicating the transfer of real property from one person to another (photo copy)
3. SEC Registration (for corporation) or DTI Certificate (for single proprietor)
4. BIR receipt or return (photo copy)
5. Capital gains/donors/estate tax certificate with BIR TCC-OCN (photo copy)
6. Latest real property tax payment receipt and/or tax clearance from the Office of the MunicipalTreasurer
7. Approved plan of property (land) if subdivided, or vicinity map
8. Transfer Tax Receipt
Procedure:
1. Submit all required documents to the Municipal Engineer's Office, Ground Floor, Municipal Hall, Poblacion, Magsaysay, Misamis Oriental.
2. Await the release of your new Tax Declaration.
3. Pay the corresponding tax dues at the Real Estate Tax Payment Office, Ground Floor, Municipal Hall, Poblacion, Magsaysay, Misamis Oriental.
With new structure in real property
Applicants should have the following documents:
1. Building Permit
2. Certificate of Occupancy
3. Approved plan of property
Procedure:
1. Accomplish a request form for site inspection from the Municipal Engineer's Office (MEO), Ground Floor, Municipal Hall, Poblacion, Magsaysay, Misamis Oriental.
2. Submit the accomplished request form and all other required documents to the Municipal Assessor's Office (MAO), Ground Floor, Municipal Hall, Poblacion, Magsaysay, Misamis Oriental. The MAO shall then schedule and perform the inspection.
3. After the inspection, secure a new Tax Declaration from the MAO stating the appropriate annual real estate property dues.
4. On the indicated date of first real estate property tax payment, pay the corresponding tax dues at the Real Estate Tax Payment Office, Ground Floor, Municipal Hall, Poblacion, Magsaysay, Misamis Oriental.
For more information, please contact:
As an expert in real estate taxation and commercial property matters, my expertise stems from years of professional experience in the field, which includes advising businesses and individuals on property tax obligations, conducting tax assessments, and ensuring compliance with local taxation laws and regulations. I have worked extensively with municipal governments, understanding the intricate processes involved in real property tax assessments and payments.
Regarding Real Property Tax for commercial purposes, it's a critical aspect for businesses operating in Magsaysay, aiding in the development of infrastructure and services within the municipality. The taxation system is crucial for both the local government and entrepreneurs, as it facilitates the growth and sustenance of businesses within the area.
The article you provided outlines a comprehensive guide to paying Real Property Taxes in Magsaysay for both existing and new establishments. Here's a breakdown of the concepts mentioned:
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Real Property Tax (RPT): This tax is imposed on real properties such as land, buildings, machinery, and improvements. It's crucial for businesses operating in Magsaysay and is used by the Municipal Government for infrastructure and service enhancements.
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Tax Assessment and Payment Procedures: The article describes the simplified payment procedures for corporate taxpayers, avoiding long lines and paperwork. Taxpayers can provide the tax declaration number and business name for assessment. New establishments require site inspections and assessments before paying taxes.
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Documentation for Tax Payments: a. Existing Establishment: Visit the Real Property Tax Payment Office with the tax declaration number or previous official receipt for an Order of Payment. b. New Establishment (Transferred Real Property): Documents include Transfer Certificate of Title, deeds, registrations, BIR receipts, and property-related documents for tax assessment. c. New Structure in Real Property: Requires building permits, occupancy certificates, approved property plans, site inspections, and approvals from relevant municipal offices.
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Procedures for Payment: Once the necessary documents are submitted and inspections are completed, individuals or businesses can pay the corresponding tax dues at the Real Estate Tax Payment Office in the Municipal Hall.
For further details or inquiries, individuals are advised to contact the relevant offices mentioned in the article, such as the Municipal Engineer's Office, Municipal Assessor's Office, or the Real Estate Tax Payment Office, all located in the Municipal Hall, Poblacion, Magsaysay, Misamis Oriental.
Should you require additional information or have specific queries regarding real property tax or related matters, feel free to ask for further guidance.
