It is the tax imposed on all real property including building, land, and improvements in the Philippines by the Local Government Unit. As a property owner, it is your obligation to pay the appropriate RPT on time. For Metro Manila, the maximum RPT rate is at 2%. If a homeowner who fails to pay his RPT on schedule, he will be penalized and there be will an accumulated interest to pay if haven’t paid yet this February. We advise you to pay early to get the 20% discount.