Ever heard of Idle Land Tax?
- Vibar Peña & Associates
- Apr 20, 2020
- 1 min read
Did you know that uncultivated and unimproved lands may be subject to tax?
Under the Local Gov't Code, an LGU within NCR may levy an annual tax on idle lands at the rate of 5% of the assessed value of the property, which shall be in addition to the basic real-property tax.
Don't keep your lands idle!
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