SEC. 2. The real property tax due and payable beginning
with the third quarter of calendar year 1974 shall be computed in
accordance with Section 1 hereof: Provided, That any overpayment
of real property tax made as a consequence of the adjustment authorized
herein shall be applied to any future tax obligation on the same
property of the taxpayer concerned.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationPD 523 Section 2 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
