PROCEDURE  FOR  LEVY  TO  SATISFY  RPT  ==============================================================================  

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Tax  constitutes  a   lien  on  the  property   superior   to  all   liens   &   may   be  removed   only   by   paying  the   tax   &   charges   (Sec.  257)  

Time  for  payment  of  RPT  EXPIRES    

Warrant   of   levy   issued   by   the   LT  w/c   has   the   force   of   legal  execution   in   the   LGU   concerned  (Sec.  258)  

Warrant   is  mailed   or  served   upon  delinquent  owner   (Sec.  258)  

Written   notice   of   levy  &   the   warrant   is  mailed/served   to   the  assessor   &   ROD   (Sec.  258)  

30   days   from   service   of  warrant,  LT  shall  advertise  sale  of  property  by  (a)  posting  at  main  entrance  of  LGU   hall   &   conspicuous   place   in  barangay   where   prop   is   located;  AND  (b)  publication  1x  a  week  for  2   weeks.   In   case   of   levy   for  unpaid   local   taxes,   publication   is  1x  a  week  for  3  weeks  

Owner  may   stay   sale   by  pay   delinquent   tax,  interest,   and   expenses  before  date  of  sale  

Sale   is   held   at  main  entrance   of   LGU  hall,   or   on   the  property   to  be   sold,  or   any   other   place  specified  in  notice  

Bidder?  

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Bidder   pays   &   30  days  after  sale,  LT  reports   sale   to  sanggunian  

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Yes  

LT  delivers  cert.  of  sale  

Proceeds   in   excess   of  tax,   interest,   and  charges   shall   be  returned   to   owner   (Sec.  260)  

W/in   1   yr   from   sale,   owner  may   redeem   upon   payment  of   the   full   purchase   price  plus   2%/mo.   Interest   from  date   of   sale   to   date   of  redemption   (Sec.   261).    Owner   retains   possession  and   right   to   fruits   during  period  of  redemption.  

LT  shall  buy  prop   in  behalf  of   the   LGU   (Sec.   263).     In  case   of   levy   for   unpaid  local   taxes,   LT   may   buy   if  there   is   no   bidder   or   if  highest   bid   is   insufficient  (Sec.  181)  

ROD  shall  transfer  the  title  of  the  forfeited  property  to  the  LGU  w/o  need  of  court  order  (Sec.  263)  

W/in    1  yr   from  forfeiture,  the   owner   may   REDEEM  the  property  by  paying  full  amt   of   tax   and   related  interest  and  cost  of  sale;   if  not,  full  ownership  is  given  to  LGU  (Sec.  263)  

Sanggunian   may   by  ordinance  sell  the  property  (Sec.  264)  

Levy   may   be   repeated   til   full  amount   due   +   expenses  collected  (Sec.  265)  

LT  returns  to  buyer/bidder  the  price  paid  +  interest  of  2%/mo.  (Sec.  261)  

If   prop   is   not   redeemed,  final   deed   of   conveyance  in  favor  of  buyer  (Sec.  262)  

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