TOMORROW marks the final opportunity for property owners in Cagayan de Oro to secure a 20% discount on their Real Property Tax (RPT) for 2026.
The City Finance Department reminded taxpayers that the window for advance full payment closes tomorrow, Dec. 31. Payments made after the cutoff will no longer be eligible for the incentives outlined in the 2015 Revenue Code.
The clock is ticking
City Treasurer Jasmin Maagad urged remaining taxpayers to act immediately to lock in the savings. The discount rates, which will expire after today, are tiered based on the tax amount:
- P50,000 or less: 20% discount
- P50,000–P100,000: 18% discount
- P100,000–P250,000: 16% discount
Higher brackets: Discounts range from 14% down to 7% for properties assessed above P500,000.
Avoid the Lines: Pay Online With City Hall payment centers likely seeing last-minute queues, officials advised utilizing digital channels. Taxpayers can pay through the City’s official online payment portal to beat the deadline without the hassle.
For those paying in person, ensure all documents are ready to speed up the process:
- Original Certificate of Title or Condominium Certificate of Title.
- Tax Declaration Number.
- Previous Official Receipt (if available).
- Proof of address.
Penalties Start Jan. 1 Mayor Rolando ‘Klarex’ Uy, who previously directed extended operating hours to accommodate the influx, emphasized the importance of beating the deadline to avoid unnecessary costs.
“Kanunay Ga Alagad sa Katawhan” ug “Kanunay Matinud-anon,” Uy said, highlighting the city’s effort to assist taxpayers.
Starting tomorrow, unpaid obligations will face stiff penalties. Late payments incur a 2% interest per month (up to 72%) and a surcharge of up to 25% on the basic RPT.
