MTO Announces New Schedule of Discounts on Real Property Tax Payment
“Ten percent (10%) discount will be availed if the taxpayers pay their Real Property Tax (PRT) before January 1, 2021 and five percent (5%) discount on January 1, 2021 to March 31, 2021”, said Ms. Elma P. Langbayan, head of the Municipal Treasury Office (MTO) of the Municipal Local Government Unit of Hungduan, Ifugao during the flag raising last December 14, 2020 at the Hungduan Municipal Gymnasium.
The announcement was based on the 2020 Revised Revenue Code for the Province of Ifugao otherwise known as the Provincial Ordinance No. 2020-14. The said ordinance emphasizes the new schedule of discounts on payment of Real Property Tax as follows:
- 10% discount-advance payment before January of preceding year
- 5% discount – prompt payment whether full or installment basis
Ms. Langbayan added that the following discounts can be availed only if taxpayers paid their real property tax fully without any delinquencies.
On the other hand, payment starting first (1st) day of April results to a penalty of 2% per month.
For payment of Real Property Taxes, kindly proceed to the MTO for computation of Real Property Tax Dues. Upon payment of the computed amount, the official receipt will be issued. All taxpayers must keep their official receipts as proof of payment in case the need arises. –Lallaine Dama-on