CITIZENS' CHARTER

OFFICE OF THE CITY ASSESSOR

Computation of Transfer Tax

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