BUSINESS AND INVESTMENT SERVICES
Please proceed at the Municipal Treasurer's Office
Ground floor Municipal Hall Bdlg.
Barangay Pamorangon, Daet, Camarines Norte
Payment of Market Rental
About the service: All registered and legitimate stallholders of Daet Public Market are required to pay their rental at the Municipal Treasurer's Office on or before 20Th of every month.
Requirements: (1)Official receipt showing latest payment.
Fees:
Section Number of stalls Stall Rate
Dry Goods 116 560.00
Meat 44 500.00
Chicken 14 300.00
Carenderia 46 700.00
Sari-sari 133 600.00
Fruits and Vegetables 153 300.00
Commercial (front) 29 800.00
Commercial (back) 29 800.00
Dried fish 26 600.00
Fresh fish 66 300.00
Sari-sari (additional) 12 600.00
BOT 116 560.00
LOYOL 116 560.00
Special Section 116 560.00
Surcharge 25% of total rent due
Paying Real Property Taxes
About the service: Owners of land and building have to pay real property taxes annually. Taxes are a percentage of the property's taxable value. Taxable value is based on the Municipal Assessor's Schedule of Fair Market Values. Real Property tax payments are made at the Land Tax division of the MTO. Taxpayers may choose to pay on an annual or quarterly basis. Discounts are given to those who pay in advance
Requirements: (1)Copy of latest Real Property Tax Declaration (2)Photocopy of latest Real Property Tax payment
Fees:
Taxes:
" Basic Real Property = Fair Market x Assessment Level x Basic Tax Rate
" Additional Tax (Special Education Fund) = Fair Market Value x 1.00%
Fair Market Value:
" Based on the Schedule of Fair Market Values proposed by the Municipal Assessor and approved by the Sangguniang Bayan
Assessment level:
On Land - Residential (10%), Agricultural (20%), Commercial (25%), Industrial (25%), Mineral (25%)
On Buildings and Other Structures:
FAIR MARKET VALUE RESIDENTIAL ASSESSMENT LEVEL
AGRICULTURAL COMMERCIAL/ INDUSTRIAL
175,000-200,000 10% 25% 30%
200,000-500,000 20% 30% 35%
500,000-750,000 25% 35% 40%
750,000-1,000,000 30% 40% 50%
1,000,000-2,000,000 35% 45% 60%
2,000,000-5,000,000 40% 50% 70%
5,000,000-10,000,000 50% 50% 75%
10,000,000- up 60% 50% 80%
Basic Tax Rate:
" Residential - 1.00%
" Commercial, Industrial, Agricultural - 1.00%
Discounts and Penalties:
" Prompt payment (paid before the deadline) - 10% discount on basic tax, SEF and other levies
" Advance payment (paid before January 1 of the taxable year)- 10% discount on basic tax, SEF and other levies
" Failure to pay tax- 2% interest per month on the unpaid amount or fraction thereof; but total interest shall not exceed 36 months
