A simplified guide to registering real improvement and machinery

Are you constructing a structure on your property? Have you recently completed a building on your lot?

- By HENRY L. YAP, EUAP, FPIEP, EAROPH

If any of your answers to these questions is yes, register your improvement with the local government unit (LGU) where the structure or building is located, and secure its corresponding real estate property tax declaration.

Recently, we had the privilege of interviewing Robert D. Mina, the City Assessor of Pasig City. During the interview, Mina provided insights into the process of property declaration under the Local Government Code of the Philippines.

As per Section 203 of Republic Act No. 7160, property owners who acquire real property or make improvements on existing property are mandated to declare them within sixty days of the acquisition or upon the completion or occupancy of the improvement, whichever occurs first. Mina emphasized that the process is straightforward and the legal requirements are easily comprehensible.