Property tax is likely to go up

Q: When the property property tax in Mysore is likely to go up?

Beeresh, Jodhpur

8th August 2012

Property Tax in Mysore

property tax

karnataka municipal corporations act

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Mysore Property Tax Property Tax in Mysore

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Before the amendment, the maximum rate of property tax that could be levied by Mysore City Corporation on commercial properties was 2 per cent of the total capital value of the property. The amendment increases it by 50 pc to 3 per cent

John, Delhi

8th August 2012

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What was the maximum rate of property tax on commercial properties?

Beeresh, Jodhpur

8th August 2012

Comment

The amendment also increases the maximum rate of property tax on vacant land less than 1,000 sq m in area from 0.2 pc to 0.5 per cent (an increase of 250 per cent), vacant land between 1,000 sq m and 4,000 sq m in area from 0.05 per cent to 0.1 per cent (an increase of 100 per cent) and vacant land larger than 4,000 sq. m in area from 0.02 per cent to 0.1 per cent (an increase of 500 per cent).

rahul, Bangalore

8th August 2012

Comment

What is the increased rate of property tax on vacant land in Mysore?

Pavithra, Vadodara

8th August 2012

Comment

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.

Sreyansh, Noida

8th August 2012

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