The objective of this year Real Property Collection Campaign launching is to increase the tax collection.
Paying property tax means helping to pay for services, the funding for which is provided by the municipality.
Legal Bases for Basic Real Property Tax
* Chapter IV, Section 232 of the Local Government Code of 1992 Power to Levy Real Property Tax - A province or city or a municipality within the Metropolitan Manila Area my levy an annual and valorem tax on real property such as land, building, machinery, and other improvement not hereinafter specifically exempted
*Chapter II, Article A, Section 2A.02 of The 2016 Revenue Code of the Province of Quezon Imposition of the Basic Real Property Tax. There is hereby levied an annual ad valorem tax at the rate of 1% of the assessment value of real property, such as lands, buildings, machinery, and other improvements affixed or attached to real property