An additional one per cent tax on real property for the Special Education Fund.
Section 41
SEC. 41. An additional one per cent tax on real property for the Special Education Fund.—There is hereby imposed an annual tax of one per cent on real property to accrue to the Special Education Fund created under Republic Act No. 5447, which shall be in addition to the real property tax which local governments are authorized to levy, assess and collect under this Code; Provided, however, That when the entire total assessed valuation of real property situated in a province or city assessable to any one person does not exceed three thousand pesos, the additional one per cent tax herein imposed shall not be collected.