Exam Content: Real Property Tax

1. Which of the following is true about SEF or Special Education Fund?

a. the proceeds from additional one percent tax on real property accruing to the SEF automatically released to
the Local Administrative Office
b. the proceeds from additional one percent tax on real property accruing to the SEF automatically released to
the Local Treasury Unit
c. the proceeds from additional one percent tax on real property accruing to the SEF automatically released to
the Department of Education
d. the proceeds from additional one percent tax on real property accruing to the SEF automatically released to
the Local School Boards
2. Which of the following is true about Tax on Sand, Gravel and Quarry Resources?
a. The permit to extract sand, gravel and other quarry resources shall be issued exclusively by the Governor.
b. The province may levy and collect not more than fifteen percent (15%) of the fair market value.
c. The distribution of proceeds shall be distributed as follows: Province 30%, Municipality 30% and Barangay
50%

Instruction: Each question has more than 1 answer.

3. Statement of Assets and Liabilities and Financial Disclosure documents shall be filed by all public officials and
employees
a. within 30 days after assumption of office
b. on or before June 30, of every year there aker
c. within 30 days aker appointment
d. within 30 days after separation from the service
e. on or before April 30, of every year thereafter
f. within 30 days upon received of first salary
Answer: A, D, E
4. The appointment of Treasurer shall be mandatory to Province Only.
a. True
b. False, it is mandatory to City too
c. False, it is mandatory to Municipality also
d. No need of Treasurer in the Barangay
e. True with assistant Treasurer
Answer: B, C
5. Under the Local Government Code of 1991: Book II Local Taxation and Fiscal Matters SECTION 168. Surcharges
and Penalties on unpaid Taxes, fees, or Charges The Sanggunian may impose a surcharge not exceeding of
the amount of taxes, fees or charges not paid on time and an interest at the rate not exceeding per month
of the unpaid taxes, fees or charges including surcharges, until such amount is fully paid but in no case shall the
total interest on the unpaid amount or portion thereof exceed .
a. 25%; 1%, 24%
b. 25%; 5%, 36%
c. 20%; 10%, 36%
d. 25%; 2%, 12%
e. 25%, 2%, 36%

Take Note on the following items na 5 days ang sagot :

1. The individual shares in IRA of each LGU shall be automatically released, without the need of any further
action, direct to the provincial, city, municipal, or barangay treasurer, as the case may be, on a monthly basis
but not beyond five (5) days after the end of each month.
2. Share of LGUs from the proceeds derived by any government agency or GOCC engaged in the utilization and
development of national wealth shall be directly remitted by such corporations to the provincial, city,
municipal or barangay treasurer concerned within five (5) days after the end of each quarter.
3. The Accountable Officer shall liquidate each cash advance within the following periods:
 -Salaries, Wages, Allowances, Honoraria and other similar payments within 5 calendar days after the end
of the pay period.

Lahat ng related kay 1% paki remember:

1. Basic Real Property Tax (Provinces) -Not exceeding 1% of the assessed value of the real property.
2. Special Education Fund Tax In addition to the basic RPT- a province or city, or a municipality within the MMA
may levy and collect an annual tax of 1% on the assessed value of the real property.
3. Barangay Taxes- The barangay may impose a tax on stores or retailers with fixed business establishments with
annual gross sales or receipts of PhP50,000.00 or less in the case of cities; and PhP30,000.00 or less, in the case
of municipalities, at a rate not exceeding 1% of gross sales or receipts.
4. Share of Special economic zones accrue to the Host LGU and areas contiguous to the economic zone.
5. Business Tax on Retailers imposed by the Barangay: The rate of 1% per annum shall be imposed on sales in
excess of the first Php 400,000.

Most common definition of terms sa BCLTE Part 1

1. "Amusement" is a pleasurable diversion and entertainment. It is synonymous to relaxation, avocation, pastime,

or fun.
2. "Business" means trade or commercial activity regularly engaged in as a means of livelihood or with a view to
profit.
3. "Charges" refer to pecuniary liability, as rents or fees against persons or property
4. "Fee" means a charge fixed by law or ordinance for the regulation or inspection of a business or activity
5. "Franchise" is a right or privilege, affected with public interest which is conferred upon private persons or
corporations, under such terms and conditions as the government and its political subdivisions may impose in
the interest of public welfare, security, and safety.
6. "Peddler" means any person who, either for him or on commission, travels from place to place and sells his
goods or offers to sell and deliver the same.

Most common definition of terms sa BCLTE Part 2

1. Accountable Officer –the officer of any government agency whose duties permit or require the possession or
custody of government funds or property, (such as the Local Treasurer, Collecting Officer, Disbursing Officer,
Cashier, Paymaster, Property Officer and the like) who is required by law to render account to the Commission
on Audit.
2. Allotment –An allotment is an authorization issued by the Local Chief Executive to a department office of the
local government unit, which allows it to incur obligations for specified amounts within the appropriations
ordinance.
3. Appropriation –refers to an authorization made by ordinance, directing the payment of goods and services from
local government funds under specified conditions or for specific purposes.
4. Disallowance –the disapproval in audit of a transaction, either in whole or in part.
5. Government Funds –include public moneys of every sort and other resources pertaining to any agency of the
government.
6. Ad Valorem Tax –is a levy on real property determined on the basis of a fixed proportion of the value of the
property.
7. Appraisal –is the act or process of determining the value of property as of a specific date for a specific purpose.
8. Assessment –is the act or process of determining the value of a property, or proportion thereof subject to tax,
including the discovery, listing, classification, and appraisal of properties.
9. Assessment Level –is the percentage applied to the fair market value to determine the taxable value of the
property.
10. Assessed Value –is the fair market value of the real property multiplied by the assessment level. It is
synonymous to taxable value.
11. Credit Line –in banking and commerce, the amount of money or merchandise which a banker or supplier agrees
to supply to a person on credit, which is generally agreed to in advance. Thus, it also refers to the agreed limit of
the money which may be borrowed or of the value of merchandise that may be purchased on credit.
12. Toll fee –a sum of money for the use of something, generally applied to the consideration which is paid for the
 use of a road, bridge, or the like, of a public nature.

Take Note the following person na lagi ng lumalabas sa exam:

1. The President of the Philippines -who exercises general supervision over local governments.
2. The Secretary of Finance -who appoints a Local Treasurer from a list of at least three (3) ranking, eligible
recommendees of the Governor or Mayor, as the case may be, subject to civil service law, rules and regulations.
3. The Regional Director. who designates an Acting/OIC Provincial, City, or Municipal Treasurer, or an Acting
Assistant Treasurer, from the ranks of Provincial/City/Municipal.
4. Acting Treasurer -is an official or employee of the local government unit concerned who is designated by the
proper authority to discharge fully the powers and responsibilities as head of the Provincial, City or Municipal
Treasury Office, as a result of permanent vacancy of the position Treasurers, Assistant Provincial/City/Municipal
Treasurers.
5. An OIC -is an official or employee designated by proper authority in a temporary capacity to avert paralyzation
of the day to day operations of the office in the meantime that the Provincial, City or Municipal Treasurer is
temporary absent
6. Local Treasurer
-Certification of Availability of Funds
-Custodianship of accountable forms
7. Local Budget Officer. Certification of Appropriations and Allotments
8. Local Accountant. Certification of completeness of documents

Practice Test

1. is defined as the potential to influence and drive the group efforts towards the accomplishment of goals. This
influence may originate from formal sources, such as that provided by acquisition of managerial position in an
organization.
a. Leadership
b. Entrepreneurship
c. Salesmanship
d. Management
2. Refers to the initial show of enthusiasm over a project during its beginning and the waning of this interest over
the project over time.
a. Charismatic Leader
b. Ningas Cogon
c. Filipino Time
3. He/She may delegate the appointing authority over Provincial, City and Municipal Treasurers and their
Assistants, with the exception of Treasurers and Assistant Treasurers in Metro Manila.
a. Secretary of Dept. of Budget
b. Executive Director of the Bureau of Treasury
c. Secretary of Finance
d. Philippine President

Practice Test

1. Statement 1: Package A weighs the same as package D

Statement 2: Package T weighs twice as much as package D
Therefore, it is also a fact that the weight of two A packages is equal to the weight of four T packages.
a. Only 1 statement is True
b. Only 2 Statement is True
c. Both Statements are True
d. Both Statements are False
2. Aldro's commute to work is twice as long as Agustin's. Agustin's drive is ten minutes longer than Sam's. Sam's
commute is fifty minutes.
CONCLUSION: Agustin's drive is fifteen minutes.
a. The facts prove the conclusion
 b. The facts disprove the conclusion
c. Cannot say based on the information provided

Practice test

1. It means shortfall of revenues against disbursements.

a. Budget Deficit
b. Operating Expenses
c. Capital Expenditures
2. A kind of check that will remain in the custody of the Local Treasurer, unless the court shall direct otherwise, in
which case, appropriate receipts should be secured from the officer authorized to take custody of the checks.
The local treasurer shall immediately advise the auditor concerned of the transfer of custody of checks.
a. Post Dated Check
b. Stale check
c. Dishonoured Check
3. The following are the accountable forms without money value, except:
a. Official receipts, Form No. 51
b. Real Property Tax Receipt, Form No. 56
c. Slaughter permit and fee receipt, Form No. 57
d. Marriage License Certificate, Form 54

Common Enumeration items na lumabas sa June and October 2019 Exam

1. The fundamental principles of local taxation:

 Local taxes shall be uniform in each local government unit
 Taxes, fees, charges and other impositions shall be equitable and based on the taxpayer's ability to pay
 Local taxes shall be collected for public purposes only
 Local taxes shall not be unjust, excessive, oppressive and confiscatory.
 Local taxes shall not be contrary to the law, public policy, and national economic policy or in restraint of
trade
 The collection of local taxes, fees, charges and other impositions shall in no case be let to any private
person
2. The Budget Cycle:
 Preparation
 Authorization
 Review
 Execution
 Accountability
3. Proceed allocations of 1% SEF:
 Operation and maintenance of public schools
 Construction and repair of school buildings, facilities and equipment
 Educational research
 Purchase of books/periodicals and sports development
4. Instalments payment dates of RPT: on or before
 March 31
 June 30
 September 30
 December 31
5. The users of SRE:
 Department of Finance (DOF)
 Department of Interior and Local Government (DILG)
 MDFO
 Senate and Congress
 NEDA/NTRC/DBM/BSP(International Monetary Fund)
 Potential Donors (World Bank/Asian Development Bank)
 Financial Institutions
  Academe/Researchers
 Local Government Units

Practice Test

1. It is a mechanism for acquiring adequate capital from alternative sources at the best possible terms for the
borrower.
a. Credit Line
b. Credit Financing
c. Hedgehog
d. Marketable Securities
2. How many percent is the debt servicing limit provided by the LGC to each LGU.
a. 10%
b. 15%
c. 24%
d. 20%
e. 36%
3. Is a contractual agreement entered into by the local or national bodies to authorized private sector or entity to
finance, construct, operates and maintain a facility and in the process, charge user fees or receive compensation
from the government.
a. Public-Private Sector Participation (PSP)
b. SEF
c. BOT variants
d. Inter Local Government Loans

BLGF Memorandum Circular No. 08-2015 dated April 21, 2015

Topic: Administrative Sanctions for Failure to submit Timely and/or Accurate eSRE Reports:

Section 8. Failure of the concerned Local Treasurer to submit timely and/or accurate eSRE report shall constitute
sufficient grounds for filing a complaint in accordance with Revised Rules on Administrative Cases in Civil Service
(RRACCS) of the Civil Service promulgated on November 8, 2011 specifically:

The failure to submit the reports within the prescribed period is considered a Light Offense; hence, Section 46(F.3)
of Rule 10 of the RRACCS shall apply:

Violation of reasonable office rules and regulations:

1st Offense- Reprimand
2nd Offense- Suspension of one (1) day to thirty (30) days
3rd Offense- Dismissal from the service.

The submission of inaccurate reports is considered a Less Grave Offense; hence, Section 46 (D.2) of Rule 10 of the
RRACCS shall apply:
2. Simple Misconduct:
1st Offense-Suspension of one (1) month and one (1) day to six (6) months
2nd Offense - Dismissal from the service