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Makati offers discounts to real property owners

Mayor Abigail Binay on Thursday urged real property owners in Makati to pay taxes and avail of the discounts offered by the city government until Jan. 20 next year.

The city government will grant a 10-percent discount on payments made before the deadline for real property taxes paid on an annual basis.

“I encourage real property owners in Makati to beat the deadline and get 10 percent off their tax dues. Our Realty Tax Division is open to accept payments even on Saturdays to accommodate ‘early birds’ who wish to avoid the rush and take advantage of the discount as well,” said Binay.

The mayor said aside from its regular operations from 8am to 5pm from Mondays to Fridays, the Realty Tax Division, with offices at the 2nd floor of Makati City Hall Building I, will also be open from 8am to 3pm on Saturdays starting Nov. 30 until Dec. 14. Succeeding weekend schedules for January will be announced later.

For business owners, Binay said the Business Permit and Licensing Office (BPLO) has also started accepting applications for renewal, advance assessment and payments for business taxes, and will be issuing the Mayor’s permit upon completion of all requirements. 

Businesses that may apply for renewal in advance include dental and medical clinics, representative offices, non-stock/non-profit organization, regional headquarters and regional operating headquarters, sari-sari stores/carinderias/metro stores, real estate lessors, law offices and other professional practices, cooperatives, and common carriers.

RPT collection usually starts on the first working day of January until January 20. The succeeding quarterly payments shall be made until April 20 (second quarter), July 20 (third quarter), and Oct. 20 (fourth quarter). The city offers a five-percent discount for quarterly payments made before the deadline for each quarter.

Annual realty tax payments made after March will be charged an eight percent penalty, while late quarterly payments will incur a penalty of two percent per month. 

Meanwhile, penalties on late payments of business taxes include a 25-percent surcharge and a two percent penalty per month of delay until the amount due is fully settled.

Topics: Abigail Binay , Makati City , Realty Tax Division , Business Permit and Licensing Office
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