What is an Amilyar?

The Filipino word Amilyar is derived from the Spanish word "amillaramiento", which means assessment of a tax. Collection of taxes in the Philippines was introduced during the Spanish era, when a ruler of the barangay called datu, collects tax for protection and security.

In the modern era, Amilyar is popularly known as Real Property Tax and is imposed by the Local Government Unit (LGU). The taxes collected by the government is used to raise funds and create meaningful projects, programs, and infrastructure for the people.

How much is Amilyar in the Philippines?

To calculate the amilyar, the assessed value of the property is multiplied by the applicable tax rate, which varies depending on the type of property and the location. A property owner can pay the amilyar in full or in quarterly installments. Under R.A 7160 also known as the Local Government Code of 1991; basic real property tax is computed based on the following rates:

  • For Cities and Municipalities within Metropolitan Manila Area (MMA) - 2% of the assessed value of the real property; and,
  • For Provinces- 1% of the assessed value of the real property

For instance, you have a property in Makati City and its assessed value is ₱4,000,000, since it is located within MMA, the tax rate will be 2%. To compute for the real property tax, the formula will be:

  • Tax Rate x Assessed Value= Real Property Tax
  • 2% x ₱4,000,000= ₱80,000

However, if your property of the same value is located in the province, your real property tax due will be ₱40,000.

When is the deadline for Amilyar?

It is important to note that failure to pay the amilyar on time can result in penalties and interest charges. The LGU can also impose a tax lien on the property, which may lead to foreclosure if the taxes remain unpaid for a prolonged period.

To avoid these penalties, property owners should be aware of the deadlines for amilyar payments in their area and ensure they pay the correct amount on time. In some cases, property owners can also appeal the assessed value of their property if they feel it is inaccurate or unfair.

Real estate owners are required to pay their amilyars by January 31 of each year, if not earlier. If you are unable to pay the tax in full, you can choose to pay your amilyar in four (4) installments. The dates for each installment are as follows:

  • On or before March 31
  • 2nd quarter: On or before June 30
  • 3rd quarter: On or before September 30
  • 4th quarter: On or before December 31

The Payment Process

There are two ways of paying your amilyar; in person or online. If you are going to pay your amilyar in person, these are the following documents that you need to bring:

  1. If you have already paid amilyar before, these documents are important to bring, previous Official Receipt of Tax Payment, Property Title, and Tax Declaration Number.
  2. Bring a copy of your tax declaration number and property title if it is your first payment.
  3. Go to the designated payer's lounge or window for your LGU to determine the total tax you will pay
  4. Proceed to the billing section and pay your due amount after calculating the exact amount.
  5. As evidence of your payment, obtain the receipt.

Understanding amilyar and its associated taxes is an important responsibility for all property owners in the Philippines. By staying informed about the assessed value of their property, the applicable tax rates, and the deadlines for payment, property owners can ensure that they meet their obligations and avoid potential penalties and liens.

-------------------------------------------------

For inquiries contact us thru:

Email: inquiry@buildeee.com

Phone: 0992-347-4372


Interested in applying a Loan? Visit us via:

https://www.goodloan.com.ph/


Let's get connected! ⭐✨

Facebook: www.facebook.com/buildeee

Instagram: www.instagram.com/buildeee

TikTok: www.tiktok.com/buildeee

Twitter: www.twitter.com/@buildeeepro

LinkedIn: www.linkedin.com/buildeee