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property tax assessments

Property TAx 6

Property Tax Guide – Pune

In Pune, property tax is the second largest source of revenue, second only to Octroi. The Pune Municipal Corporation (PMC) is responsible for levying and collecting property tax payments in the city and successfully covers more than six lakh properties in its purview. Like many other major cities in India, Pune also has online as […]

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Tax

Property Tax Guide: Mumbai

The property taxes in Mumbai were earlier based on the Rateable Value System. However, the Brihanmumbai Municipal Corporation (BMC) now follows the Capital Value-Based Property Assessment and Tax Calculation System. Unlike other cities, the property tax in Mumbai depends on the market value of the property. Service charges are levied as a percentage of property […]

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Property Tax Guide – Ahmedabad

The Ahmedabad Municipal Corporation (AMC) is responsible for levying and collecting property taxes in the city. It is empowered to levy property tax on residential and non-residential properties that lies within its jurisdiction and for which the maximum and minimum limits are fixed. However, it must be mentioned here that while there is a ceiling […]

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Will property tax hike in Pune?

Property tax is a tax levied by the Government or the local governing body over a property which the owner of the property is bound to pay. Property tax is the main source of income for any governing authority of a state. All the property in a state is subjected to pay tax except foreign […]

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Property Tax clouds Hyderabad’s skyline

What is Property Tax? A levy on property that the owner is required to pay is commonly known as a property tax. The governing authority of the jurisdiction in which the property is located levies the tax. Specifically in the case of India, the tax is paid to a local authority such as the municipal […]

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