Nelly, your client from Pasig City asked you to help her pay off her real property taxes.
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Question:
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?
Related Book For
Accounting Information Systems
ISBN: 978-0133428537
13th edition
Authors: Marshall B. Romney, Paul J. Steinbart
Posted Date: