BASE VALUES & COSTS OF SALE

Atty. Raymond M. Andes, CPA | Consultant for Administrative Services, Provincial Government of Albay
Local Taxes Real Property Taxes
Base Value No base value. No base value.
 However, if purchase price is insufficient to  However, if purchase price is insufficient to
cover… cover…
a. The delinquent tax, fees or charges a. The delinquent tax
b. Interests b. Interests
c. Penalties c. Costs of sale
d. Costs of sale …the LGU through the treasurer must purchase the
e. Other costs property levied, or any usable portion thereof up to the
…the LGU through the treasurer must purchase the extent necessary to satisfy all the above from (a) to (c).
property levied, or any usable portion thereof, or levy -Sections 260 and 263 of the LGC.
and sell more properties sufficient to satisfy (a) to (e).
…the LGU may levy more properties until the full amount
Golden Rule: the treasurer may buy any such due, including all expenses, is collected.
properties or any usable portions thereof up to the -Section 265 of the LGC.
extent necessary to satisfy all the above from (a) to
(e).  In case the proceeds of sale exceed the total
amount of claims from (a) to (e), the excess shall be turned
 In case the proceeds of sale exceed the total over to the owner of the property or the person/s having legal
amount of claims from (a) to (e), the excess shall be turned interest thereon.
over to the owner of the property. -Section 260 of the LGC.

-Sections 178 and 181 of the LGC.

Costs of Sale Costs of sale are any expenses related to or attributable to the sale of properties, including but not limited to the preservation or
transportation in case of personal property, and the advertisement and subsequent sale in cases of personal and real property including
improvements thereon.
-Sections 178 last par. and Sec. 260 last par.
More details: Sections 178 to 182, and 260 to 265, of the LGC.