DISCOUNT ON REAL PROPERTY TAX (AMILYAR) IN THE PHILIPPINES | WHEN AND HOW TO AVAIL?

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Salient provisions of the Local Government Code of 1991:

SEC. 246. Date of Accrual of Tax.- The real property tax for any year shall accrue on the first day of January and from that date it shall constitute a lien on the property which shall be superior to any other lien, mortgage, or encumbrance of any kind whatsoever, and shall be extinguished only upon the payment of the delinquent tax.

“SEC. 251. Tax Discount for Advanced Prompt Payment. - If the basic real property tax and the additional tax accruing to the Special Education Fund (SEF) are paid in advance in accordance with the prescribed schedule of payment as provided under Section 250, the sanggunian concerned may grant a discount not exceeding twenty percent (20%) of the annual tax due.”