Under the Local Government Code of 1991 (Republic Act No. 7160), what is the maximum basic Real Property Tax (RPT) rate that a province may levy on the assessed value of real property?
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Question · Easy
What is the maximum basic Real Property Tax (RPT) rate that a city in the Philippines may impose on the assessed value of real property?
Its basic rate may not exceed 1% of assessed value in a province and 2% in a city or Metro Manila municipality.
Mobilization of Resources
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Chapter 1: Introduction to BCLTE & Philippine Local Treasury Service
1.1 Examination Scope, Format, Scoring, and the SEAL Program
Study guide
An LGU decides to impose the additional levy for the Special Education Fund (SEF) on real property. What is the fixed rate of this additional levy on the assessed value of real property?
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Under RA 7160, how are the proceeds from the basic Real Property Tax (RPT) collected by a province shared and distributed among the LGU levels?
Question · Medium
One percent add-on to the basic real property levy whose proceeds, in provinces, are split equally between the provincial and municipal boards.
Under Section 272 of the Local Government Code, how are the proceeds from the additional one percent (1%) Special Education Fund (SEF) tax distributed in the case of provinces?
What is the sharing distribution of basic Real Property Tax (RPT) collected by a city in the Philippines?
Kind of land, more than one hectare if agricultural, taxed at up to 5% of assessed value when half remains uncultivated.
1.2 Structure of Philippine Local Government and Treasury Hierarchy
Under RA 7160, local government units may levy an annual tax on idle lands. What is the maximum rate that can be imposed on idle lands in addition to the basic real property tax?
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Term Match
For the purpose of imposing the idle land tax, what is the minimum area of agricultural land that can be declared 'idle' if more than one-half of it remains uncultivated or unimproved?
Question · Hard
Valuation instrument that provinces, cities, and the Metro Manila municipality must update and revise every three years under the real property valuation reform law.
For non-agricultural lands, what is the minimum area required to declare a property as 'idle' under the Local Government Code if more than one-half of the area remains unutilized or unimproved?
A taxpayer in Cebu City wants to pay their annual basic Real Property Tax (RPT) in installments. Under the Local Government Code, into how many equal installments can the basic RPT be divided and when are they due?
Funds a local government borrows directly from the banking system to finance development projects.
1.3 Navigating the BCLTE Curriculum and Study Strategy
If a taxpayer fails to pay their basic Real Property Tax (RPT) within the prescribed quarterly periods, what is the interest penalty rate imposed on the unpaid amount, and what is the maximum duration for which it can accumulate?
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Term Pairs
Under RA 7160, the Sanggunian concerned may authorize a discount for prompt or advance payment of the basic Real Property Tax. What is the maximum allowable discount rate that can be granted by the LGU?
Province, city, municipality, or barangay that may create its own sources of revenue and levy taxes, subject to law.
A commercial property in Quezon City has an actual market value of PHP 10,000,000. The city ordinance sets the assessment level for commercial land at 50%. If the basic RPT rate of the city is 2% and the SEF rate is 1%, calculate the total annual tax (Basic RPT + SEF) due before any discounts.
A residential property in a municipality in Iloilo province has an assessed value of PHP 2,000,000. The province levies a basic RPT of 1% and an additional SEF of 1%. If the property owner pays the entire annual tax due in January and receives a 10% discount for advance payment, how much is the discounted total payment?
To send collected taxes and shares to the proper treasury level.
Local treasury services
Chapter 2: Principles of Local Taxation & LGU Taxing Powers
2.1 Fundamental Principles of Local Taxation under RA 7160
A business owner in San Fernando, Pampanga fails to pay their basic RPT installment of PHP 10,000 that was due on March 31. They decide to settle the payment on August 15 of the same year. If the delinquency interest is 2% per month, what is the total interest penalty they must pay?
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Term Search
Which of the following real properties is exempt from the payment of Real Property Tax under the Local Government Code?
Imprest amount kept for small recurring office outlays, replenished when disbursements reach at least 75%.
Under RA 7160, what is the maximum assessment level that can be prescribed by a local ordinance for residential land?
Under Section 218 of the Local Government Code, what is the maximum assessment level for commercial and industrial land?
Kind of guarantee whose premium forms the Fidelity Fund and that is required of local custodians with at least P5,000 accountability.
Safekeeping of funds
2.2 Common Limitations on Local Government Taxing Powers
Which LGU officer is responsible for preparing and maintaining the tax mapping system and the schedule of market values of real properties within the LGU?
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What is the tax rate limitation under the Local Government Code for the annual business tax that a municipality may impose on retailers with gross sales or receipts for the preceding calendar year of PHP 400,000 or less?
Its approval of a money claim makes it a legal charge against the Fidelity Fund.
Which of the following is considered a 'Local Economic Enterprise' (LEE) of a Philippine Local Government Unit?
Under RA 7160, what is the maximum percentage of the LGU's annual regular income that can be utilized to service its debt obligations (debt service ceiling) when securing credit financing?
Quarterly report of an LGU's income and outlay whose approved figures the BLGF uses as basic data when attesting income for reclassification.
Treasury reports
2.3 Enactment, Public Hearings, and Effectivity of Local Tax Ordinances
Which body must issue an opinion on the monetary and fiscal aspects of a proposed LGU loan or credit borrowing before the LGU can formalize the credit agreement?
Under Book II of the Local Government Code, which of the following is a fundamental principle governing local taxation and LGU revenue generation?
Online system where municipal treasurers upload the quarterly reports that the BLGF requires and provincial treasurers review.
Under RA 7160, who is the only authority empowered to collect real property taxes and local taxes, fees, and charges on behalf of the LGU?
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