Latest Answer: the city has around 4 lakh registered property tax payers. And if the property tax is not paid on time, then there will be a huge loss for the municipality only in terms of revenue. The authorities are actually suggesting that we pay the taxes before the 31st of December, just to be safe and not face a fine.
Q:Hey is the hike in property tax really happening? I heard something otherwise a few days ago. Guys, please discuss. I’m planning to buy property in Kochi. I need the latest information on this
Latest Answer: Yes the 20% property tax on residential apartments and the 90% on commercial buildings are currently being revised. I think this is happening because of noise that was created by the LDF members, who wanted this whole new regime abolished actually.
