what is property tax
The property tax in Mysore is likely to go up from 50 per cent to 500 per cent, once the amended Karnataka Municipal Corporations Act comes into force. The amended act paves the way for more revenue generation on the part of the city civic body. Before the amendment, the maximum rate of property tax [...] Continue Reading »
After re-imposing property tax in Haryana, the state government has given 90 days to property owners to sort out the issues of tax diminution and self-assessment as according to government officials, from November 1, civic bodies will begin serving demand notices. Haryana has around 20 lakh property tax payers, 2.5 lakh and 2.45 lakh from [...] Continue Reading »
Families of retired ex-servicemen will be entitled to further exemptions added to the prevailing ones as the State government has decided to waive 50 per cent of the property tax for their houses or land. According to the Karnataka Municipalities and?Certain Other?Law (Amendment)?Act, 2011, an ex-serviceman is defined as a person who has served in [...] Continue Reading »
