Scribd Logo
Upload

Welcome to Scribd!

  • Activity5 Seminar

    Uploaded by

    jonalyn arellano
    13 views2 pages

    Original Title

    activity5-seminar

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    13 views2 pages

    Activity5 Seminar

    Uploaded by

    jonalyn arellano

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    JONALYN ARELLANO

    Multiple Choice: Choose the best answer for each of the question presented below by checking
    the letter that correspond to your answer:

    1. Appraisal means…..?
    ____a. the act of determining the value of a property as of specific date for a
    specific purpose
    ____b. the of determining the value of a property, or proportion thereof subject
    to tax, including the discovery, listing, classification and appraisal of
    properties
    ____c. price at which a property may be sold by a seller who is not compelled to
    sell and bought by a buyer who is not compelled to buy.
    ____d. taxable value

    2. Which of the choices below is an exemption from the real property tax?
    ____a. Real Property owned by the an individual of republic of the
    Philippines
    ____b. Machinery and equipment owned by an individual for personal use
    ____c. Real property classified for assessment purposes on the basis of its
    actual use
    ____d. All real property owned by duly registered cooperatives as provided for
    under RA No. 6938.
    3. What is the legal basis of tax collection?
    ____a. The Fair market Value
    ____b. Assessment is the legal basis of tax collection thru tax declaration
    ____c. The tax rate provided by the government
    ____d. The tax due as computed
    4. Back Taxes of a real property being assessed for the first time shall be assessed
    for taxes for the period it would have been liable but in no case more than?
    ____a. 15 years prior to the date of initial assessment
    ____b. 20 years prior to the date of initial assessment
    ____c. 10 years prior to the date of initial assessment
    ____d. 11 years prior to the date of initial assessment
    5. The share of the Province from the taxes collected by the LGUs is ?
    ____a. 12%
    ____b. 15%
    ____c. 35%
    ____d. 40%
    6. Tax Discounts are granted for payment of taxes from January to March of the
    current year at a rate of ?
    ____a. 10%
    ____b. 20%
    ____c. 30%
    ____d. 35%
    7. Tax Discounts are granted for payment in December during the ensuing year at
    a rate of ?
    ____a. 5%
    ____b. 18%
    ____c. 25%
    ____d. 20%
    8. In computing the Real Property Tax, the formula is ?
    ____a. FMV X Assessment Level
    ____b. Assessment Level X Tax Rate
    ____c. Tax Rate X Assessed alue
    ____d. FMV X Tax Rate

    9. Charitable Institutions, churches, parsonages or convents appurtenant thereto,


    mosques, non profit or religious cemeteries and all real properties that are
    actually directly and exclusively used for religious, charitable or education
    purposes is?
    ____a. Not exempted from real property tax
    ____b. Only the religious, charitable or educations purposes are exempted from
    real property tax
    ____c. Only the Charitable isntitutions that is exempted form real property tax
    ____d. Exempted from real property tax
    10. One of the FUNDAMENTAL PRINCIPLES IN THE APPRAISAL AND ASSESSMENT
    OF REAL PROPERTY is?
    ____a. Real property declared for the first time
    ____b. The appraisal and assessment of real property shall not be equitable.
    ____c. Real Property owned by the republic of the Philippines or any of its
    political subdivision
    ____d. Real property shall be assessed on the basis of a uniform standard of
    value within the local government unit

    You might also like