Property tax system cleared
In the general body meeting, the capital value based property tax system has been cleared which was passed in the statutory standing committee.
The proposal was brought for discussion under the ‘Urgent Business’ proposals and was cleared even though it was not on the agenda.
Congress members staged a walkout due to the speedy passing of the proposal.
Congress corporator, Arif Zakeria, said, the proposal should not have been hurried especially when the BMC wanted suggestions from residents on this proposal.
The new property tax system means an increase in the property tax in city, but residents in the suburbs will have to pay less property tax as compared to the current rates.
To read more real estate news:
BESCOM will assist BBMP to collect property tax in Bangalore
Source: The Indian Express
BMC, Congress, increase in the property tax, property tax, Property tax system, statutory standing committee, Urgent Business, walkout
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[...] Property tax system cleared [...]
[...] Property tax system cleared [...]
[...] Property tax system cleared [...]
[...] Property tax system cleared [...]
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[...] Property tax system cleared [...]
[...] Property tax system cleared [...]