Sunday, September 9, 2012
Section 246 of R A 7160
SEC. 246. Date of Accrual of Tax.- The real property tax for any year shall accrue on the first day of January and from that date it shall constitute a lien on the property which shall be superior to any other lien, mortgage, or encumbrance of any kind whatsoever, and shall be extinguished only upon the payment of the delinquent tax.
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As a matter of uniformity, taxes of any revision of the property shall begin to accrue in the first day of January, except on cases of force majeure, where tax due is governed by the events resulting to the revision.
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