Practice question
A taxpayer says payment of an assessment automatically bars a later Section 253 claim even after a competent authority finds it erroneous and the tax is adjusted. All required conditions and timeliness are established. Which is correct?
- Every paid assessment becomes permanently immune from correction.
- The statute expressly provides repayment or credit in that setting; payment is not by itself an absolute bar.
- Only unpaid taxes can ever be refunded.
- A reduction automatically transfers the property to the treasurer.
- The refund mechanism applies only to national income tax.
Legal references
- RA7160, LGC Sections139,145-146,150,157-163 and252-253: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html
- NFA v. City Government of Tagum, G.R.261472, May21,2024, EN BANC MAIN decision, realty-tax remedies: https://lawphil.net/judjuris/juri2024/may2024/gr_261472_2024.html
- RA12001, Real Property Valuation and Assessment Reform Act: https://lawphil.net/statutes/repacts/ra2024/ra_12001_2024.html
Answer this question in flashcards to review your response and continue practicing.