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Possible giant leap in real property tax alarms Ayala Alabang Village residents

Residents of Ayala Alabang Village in Muntinlupa City have expressed alarm over an increase of up to 4,304% in the value of residential land in the posh neighborhood that will raise their payments of the yearly “amilyar,” or real property tax (RPT). At a public hearing on Feb. 11 in the barangay hall of the...

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Zonal values of real estate are rising much faster than incomes do

Real estate sellers and buyers and heirs will pay a bigger amount of taxes starting this year in Muntinlupa City, home to swanky subdivisions such as Ayala Alabang and Palms Pointe, as well as the Filinvest City central business district (CBD) and Madrigal Business Park. Zonal values in Muntinlupa rose 14 to 100% effective Jan....