Nelly, your client from Pasig City asked you to help her pay off her real property taxes. She has the following real properties in Pasig City:

Property	FMV	Zoning
Condominium unit used as Office in Ortigas	P15,000,000.00	Residential
Condominium unit used as residence in Ugong	P20,000,000.00	Commercial
Sales office in Manggahan	P18,000,000.00	Industrial

Pasig City has the following assessment level:

Class	Assessment Level
Residential	60% for those with FMV of more than P10Million
Commercial/Industrial	80% for those with FMV of more than P10 Million

1. How much is the real property tax for the property located in Ortigas? 

 2. How much is the real property tax for the property located in Ugong? 

 3. How much is the real property tax for the property located in Manggahan?

 

Answer rating: 100% (QA)

Solution To calculate the real property tax for each property we need to multiply the propertys fair ... View the full answer