Q:I bought a re-sale(First re-sale) Flat in Dwarka Sec 23 in May 2017. The Flat was alloted to the original seller in Dec 2016. There was no property tax payment till date. My question is 1.should there be no property tax prior to dec 2016(FY 16-17) as the allotment took place in dec 2016?2.If at all there is property tax for FY 16 -17 then is should be pro rated from Dec 2016 to March 2017?Thanks
Latest Answer: The property tax helps the local municipal bodies with the funds for providing you services like the cleanliness of the area, proper supply of water, maintenance of roads, drainage etc. It also helps you in case of any property related dispute to prove the ownership. Is the property tax applicable to vacant land? Property tax is applicable on any kind of vacant land unless the land is used for agriculture purposes only.
