Makati grants property tax relief
THE Makati local government unit (LGU) urged landowners in the city to pay their annual real property tax (RPT) dues on or before Jan. 20 to avail tax reliefs.
“I urge Makati residents and businesses to pay their annual RPT dues on time and enjoy substantial savings from the newly approved 15 percent relief on land taxes granted by City Ordinance No. 2025-A-040 for a period of three years,” Mayor Maria Lourdes Nancy S. Binay was quoted as saying in a statement on Sunday.
This means that a homeowner currently paying P100,000 in annual real property taxes could save up to P15,000 each year until 2027; while owners of commercial properties, paying P500,000 in real property taxes on land could save P75,000 annually.
The ordinance was enacted on Dec. 9 and approved by Ms. Binay on Dec. 11 last year. It supersedes City Ordinance No. 2025-047, which was repealed over technical defects.
“After careful review and comprehensive study, we recognized that our taxpayers need genuine, meaningful relief,” Mayor Binay said. “This 15% across-the-board reduction on land taxes demonstrates our commitment to easing the financial burden on Makati residents while maintaining fiscal responsibility and sustaining essential public services.”
Makati also noted that tax relief will be implemented retroactively, which means any payment made last year will be adjusted to reflect the 15% reduction.
When combined with the 10% early bird discount granted to non-delinquent taxpayers, or those paying full-year RPT by Jan. 20, the LGU said taxpayers could avail up to 25% in savings. A 5% relief will be granted to those who will make prompt quarterly payments. — CAT
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