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Settlement in Palawan has largely
taken place over the last 30 years, and much of the
land remains untitled. Settlers who have come here
have, in many instances, settled on and improved
land. In so doing they have also declared the land
for tax purposes, and taxes have been charged as if
the occupant were an owner of a titled property.
Such a property can be sold, so long as the owner
has proper documentation, and is referred to as a
Tax Declaration property. |
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A titled property is a more
secure purchase, being more fully defensible in law,
and the title is fully documented at the Registry of
Deeds. That security is usually reflected in the
price. For those seeking to buy with the greatest
security, a titled property is recommended. However,
Tax Declaration properties can be very good value
for those prepared to consider the extra element of
risk. Some such properties can be titled later, but
it depends on the classification of the land. |
