_Most of you home owners and lot owners aren't aware that you, as individuals, can negotiate you property tax rate.
What happened to the common area tax our subdivision should have never happened. The Board Of Directors didn't negotiate the tax increase and the result was a 400% tax increase which is now making every one of us homeowners pay for their short comings.
But, you as a house and/or lot owner can pay a lot less taxes than your neighbor in Las Terrazas. Why pay more when all you have to do is use your intelligence and negotiate. Let's use an simple example: If you owner a 400
square meter lot valued at PHP 4 Million with a 200 square meter
house valued at PHP 10 Million , your annual taxes for both should be
no more than PHP 2500 for the lot and PHP 6,000 for the house
structure resulting a in a total of PHP 8500. Instead of declaring
the value of both the house and lot at PHP 14 Million, you should
declare it at a maximum of PHP 5 Million only.
To figure out what your annual taxes should be , your tax rate should be PHP 625 per 100 square meters of space. You house structure should be PHP 1500 per 100 square meters of space.
If you plan to sell your house, your capital gains tax rate should be based at 1/3 of the real, selling price. As an example, if your house is valued PHP 14 Million, you declare the house and lot at no more than PHP 5 Million for the "fake" Deed Of Sale.
the way, to determine the real value of your house and lot, you house
is worth PHP 50,000 per square meter and the average lot is PHP 10,000
per square meter. So, 300 meter lot and 200 meter house is worth PHP
13 Million as a real price, but PHP 4 Million for the tax man.
Some of you LTHAI lot and house owners are paying more than the average, up to 400% more than in access than the examples just given.
Now, there is no reason you should be paying in access of PHP 30,000 per year or more for house and lot taxes when your comparable neighbor is only paying PHP 8500. Contact us for more information and don't waste money on government taxes. Email: <email@example.com> .
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