TAX ESTIMATE – SHELL RESIDENCES, 38 sqm

Zonal Value = 100,000 PHP per sqm

Real Property Tax (RPT) for Manila = Zonal Value of the property * 2%

So:

Real Property Tax = 38 sqm x 100,000 PHP x 2%

Real Property Tax = 76,000 PHP

If paid in advance for 1 year, government grants 20% discount.

If with discount 76,000 * 80% = 60,800 PHP

Your annual real property tax is 60,800 PHP (if paid in advance) or 76,000 PHP if paid normal.

 Zonal Value is set by Bureau of Internal Revenue in Pasay and is for tax purposes only. It does
not reflect the real market value of the property.
 Shell RESIDENCES Zonal Value has been increased on 11 August 2018 from 60,000 PHP per
sqm to 100,000 PHP per sqm. Source: https://www.bir.gov.ph/index.php/zonal-values.html