What is the basic real property tax for a private school with an assessed value of P3,500,000.00 located in the province?

In the context of property taxation, private educational institutions such as schools are generally granted certain exemptions from local taxes, including the basic real property tax. This is based on the principle that these institutions contribute to the public good through education and, as a result, may not be subject to the same tax obligations as for-profit entities.

In many jurisdictions, private schools, as non-profit organizations dedicated to educational purposes, may be exempt from property taxes altogether. Therefore, for the specific case of a private school with an assessed value of P3,500,000.00, the basic real property tax would indeed be P0 due to this exemption.

This legal framework ensures that these institutions can allocate more resources towards their educational programs instead of tax liabilities, thereby enhancing their service to the community.