The municipal assessor was taxing an idle agricultural land consisting of 2 hectares valued at 200 per square meter. If the idle land tax imposed is 5% by the ordinance , how much will the owner pat for the idle land tax?

Question

fieryopal · Answer

The answer is ₱200,000. Land size = 2 hectares = 20,000 sq.m Value = ₱200/sq.m → 20,000 × 200 = ₱4,000,000 Idle land tax = 5% of ₱4,000,000 = ₱200,000

The municipal assessor was taxing an idle agricultural land consisting of 2 hectares valued at 200 per square meter. If the idle land tax imposed is 5% by the ordinance , how much will the owner pat for the idle land tax?

Answer (1)

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