A tax declaration contains the following data: Actual use of property Residential Market value: Land P500,000 Improvement 800,000 Property: Assessment Level Basic Tax Rate Land 15% 1% Improvement 20% 1% Requirements: 1. Total real property tax assessable on the properties.
A tax declaration contains the following data: Actual use of property Residential Market value: Land P500,000 Improvement 800,000 Property: Assessment Level Basic Tax Rate Land 15% 1% Improvement 20% 1% Requirements: 1. Total real property tax assessable on the properties.
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 77DC
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A tax declaration contains the following data:
Actual use of property Residential
Market value:
Land P500,000
Improvement 800,000
Property:
Assessment Level Basic Tax Rate
Land 15% 1%
Improvement 20% 1%
Requirements:
1. Total real property tax assessable on the properties.
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