It’s January 2007 once again and this is the month to pay your real estate taxes at your nearest payment center (city hall, barangay etc.) So don’t forget to pay your tax before the 31st or else face a 2% interest on your real property tax per month.
Income Tax payment is not the only thing one should keep into mind when thinking of one’s personal finance and obligations to the state. Unpayment of Real Estate Tax could lead to your property being sequestered by the local government then auctioned off to the highest bidder.
Tax payment is a duty of every citizen in the Philippines. From the lowly Sedula in the barangay, to the Value Added Tax in our daily purchases to our Income Tax and Excise Tax, these all help in funding the government so that they can do their duty of public roads and services to the General Public.
