Which of the following LGUs cannot impose real property tax?

a. Province of Sorsogon

b. City of Lucena

c. Municipality of Guinobatan

d. Municipality of Pateros

Statement 1: No regular court may intervene in an assessment of real property taxes, it is the primary jurisdiction of the Board of Assessors. Statement 2: No injunction by court will lie against real property tax collection by the local government.

a. True, true

b. True, false

c. False, true

d. False, false

Statement 1: Local tax relief or exemption is granted in cases of natural calamities, civil disturbances, general failure of crops or adverse economic conditions which substantially decreases prices. Statement 2: Local tax incentives are granted only to new investment in the locality.

a. True, true

b. True, false

c. False, true

d. False, false

Statement 1: The proceeds from the additional two percent (2%) tax on real property accruing to the Special Education Fund (SEF) shall be automatically released to the local school boards. Statement 2: The proceeds of the additional real property tax on idle land shall accrue to the respective general fund of the province or city where the land is situated.

a. True, true

b. True, false

c. False, true

d. False, false

The share of each Barangay shall be released, without need of any further action, directly to the Barangay treasurer on a quarterly basis within ________ after the end of each quarter and shall not be subject to any lien or holdback for whatever purpose.

a. 10 days

b. 5 days

c. 15 days

d. 30 days

Statement 1: A province, city or municipality within Metropolitan Manila Area, may levy and collect an annual tax of one percent (1%) on the assessed value of the real property, which shall be in addition to the real property tax. Statement 2: The proceeds shall exclusively accrue to the Special Education Fund.

a. True, true

b. True, false

c. False, true

d. False, false

Who shall be responsible for collection of real property tax?

a. BIR

b. collection officer

c. Yorme

d. City/Municipal Treasurer

Who is responsible to transfer title of the forfeited property to the local government unit concerned without the necessity of an order from a competent court?

A. Registry of Deeds

B. BIR

C. Local Treasurer

D. Secretary of Finance

Which of the following is true? *

a. All types of local government units have the power to impose real property tax

b. Only provinces and cities within Metro Manila may impose real property tax

c. Only province, cities, and Municipalities within Metro Manila may impose real property taxes

d. Only province, cities, and Municipalities and barangays within Metro Manila may impose real property taxes

How much is the tax discount for advanced prompt payment of real property tax?

a. Fixed rate of 20% of annual real property tax due

b. Any rate not exceeding 20% of annual real property tax due

c. Fixed rate of 2% of real property tax due

d. No such discount exist