Real Estate Investor Tip: Pay Your Property Taxes Early To Get Discounts

Posted on December 2, 2010
Filed Under Real Estate Investment | Leave a Comment

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Did you know that when you pay your property taxes in advance, you can avail of discounts? Ask the people at the assessor’s office of the city where your property is located. Chances are, you get a discount for early payment of taxes. This may or may not apply to your city, but it does apply to some cities in Metro Manila.

For example, in the City of Taguig, if you pay your real estate taxes for the whole 2011, before the due date, you could get a 20% discount. The discount applies to both the Basic Tax and to the Special Education Fund (SEF) tax. The due date for next year’s real estate taxes is on December 31, 2010. If you do not have the entire amount now, you can also opt to pay your taxes on an installment basis, interest free but without discounts. Installments for each quarter are due as follows:

Quarter Due Date
1st Quarter March 31
2nd Quarter June 30
3rd Quarter September 30
4th Quarter December 31

Pay your property taxes on or before the due date to avoid interest charges. Pay them early to get discounts. As a real estate investor, every peso counts!

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