Vacant land tax

Land Tax Introduction Property tax or Land tax is an annual tax paid by the owner of the property in their area to local government or municipal corporations. Property tax is applicable to any type of property whether it is land, office buildings, intangible property, and even improvements made to the land. If you own […]

The Greater Hyderabad Municipal Corporation (GHMC) has come out with a revised property tax structure whereby the tax imposed on vacant plots is higher than that imposed for buildings and other structures. VLT higher than property tax for land with building: Going by the revised property structure, a building owner with a house in a […]