Tax Declaration Properties

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.


 

Titled Properties

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.

   

 

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