Money Saving Tip: Pay Your Real Property Tax Early (Updated)

When do you pay your annual real property tax?

Sec. 60 of the Real Property Tax Code (or PD No. 464) states:

“Payment of real property taxes in installments. — Real property taxes may, in the discretion of the taxpayer, be paid without penalty in four equal installments; the first installment to be due and payable on or before March thirty-first; the second installment, on or before June thirty; the third installment, on or before September thirty; and the last installment, on or before December thirty-first, except the special levies authorized under Sections forty-seven and fifty-five of this Code which shall be governed by the local ordinance or Department Order issued by the Secretary of Finance, as the case may be.”

Source: http://www.acproperty.com.au/ckfinder/userfiles/images/2(269).jpg

Source: http://www.acproperty.com.au/ckfinder/userfiles/images/2(269).jpg

 

For taxpayers who choose to pay the entire year’s real property tax within the first quarter, there are discount incentives.

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