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1. Proposed Property Tax Assessment process is applicable only to residential land or buildings.
2. At present the rate of tax is in two states i.e. 10% & 15%. For Annual Rental Value (ARV) upto
Rs. 1200/- it is @10% and for ARV more than Rs 1200/- it is @15%.
Earlier the rate was 25%.
3. Owner / Occupants of buildings which are under construction should submit 'Saral Form' (Self Assessment Form) and the due tax as soon as the building is completed or occupied whichever is earlier, or else a penalty of Rs. 500/- per
day or double of the tax amount will be imposed.
4. Yearly rent will be assessed based on the total area of rooms & vehrandas. Partial rebate will be applicable as specified in Partial
Rebate section.
5.(1) Where the owner or occupier primarily liable for payment of tax in respect
of any premises has not paid by the date fixed by the Corporation in this behalf
the tax or a part of the tax payable by him under this Act, simple interest at the
rate of twelve percent per annum from the date fixed for payment of tax upto the
date of payment shall be payable by him upon the amount that has remained unpaid.
5.(2) Without prejudice to the provision of Sub-section (1), where the owner or
occupier of any premises has paid tax under Section 207-A on the basis of his own
assessment and the tax so paid is found by the Corporation to be less than the amount
of tax payable by him, simple interest at the rate of twelve percent per annum upon
the amount by which the tax so paid falls short of the tax which is found to be
payable, shall be payable by him from the date fixed by the Corporation for the
payment of tax upto the date the amount of such difference is paid.
Special Rebate while calculating Tax:
The general tax shall be levied in all respect of all buildings
and lands in the City except:
1. buildings and lands solely used for the purpose connected with the disposal of the
dead.
2. buildings and lands or portions thereof solely occupied and used for public worship
or for a charitable purpose.
3. buildings solely used as schools and Intermediate colleges whether aided by the State Government or not.
4. ancient monuments as defined in the Ancient Monuments Preservation Act, 1904, subject to any direction of the State Government in respect of any such monument.
5. any building or land the annual value of which is rupees three hunder and sixty or less, provided that the owner thereof does not own any other building or land in the same city.
6. buildings and lands vesting in the Union of India except where provisions of Clause(2) of Article 285 of the Constitution of India apply.
7. any owner occupied residential building constructed on a plot of land measuring Thirty square metres, or having a carpet area up to Fifteen square metres provided that the owner does not own any other building in the City, and,
8. residential buildings occupied by the owner of building, which has been included in the limit of Corporation within five years or the facilities of roads, drinking water and street light provided in that area, whichever is earlier.
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