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WHAT CAN GO WRONG

  • karen36083
  • 10 hours ago
  • 1 min read
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Once upon a time, a family stood on the brink of letting go of their beloved seaside estate—an ancestral sanctuary stretching six hectares, complete with its own quiet cove where generations of kids once chased tides and built sand castles.


A large portion of the land wasn’t even beach real estate at all; they were humble fish ponds that fed the caretaker for years.


But when the sale was finally completed and the taxes were computed, reality hit hard: the government assessed the entire six-hectare estate as “beachfront property.” One title, one classification—regardless of how much of it was actually sand, water, or fish pond.


The result? A much higher zonal value… and a much bigger tax bill.


This story is just one example of the many things that can go wrong...

© 2024 by JUAN PATAG REAL ESTATE

RE/MAX Capital, 5th Floor, Phinma Plaza

Plaza Drive, Rockwell Center, Makati City

Metro Manila, Philippines

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