OFFICE OF THE CITY ASSESSOR
Computation of Transfer Tax
- ABOUT
- REQUIREMENTS
- FEES AND CHARGES
- STEPS
Classification: Simple
Type of Transaction: G2C – Government to Citizen; G2B – Government to Business
Who may avail: All persons, entities and corporation who need to transfer their real properties in the City of San Fernando
The Office of the City Assessor computes for the Transfer Tax to be paid at the City Treasurer’s Office for all transfer of ownership.
1/2 of 1% of the Market Value appearing in the Tax Declaration
Minimum transfer fee – P15.00/Tax Declaration
Penalty is imposed if the date of notarization on the Mode of Conveyance exceeds 60 days; 2%/month and maximum of 36 months plus 25% additional penalty
Penalty of P500.00 for late submission of documents for processing