PROPERTY TAX

WHAT IS PROPERTY TAX

Property tax is the annual amount paid by a land owner to the local government or the municipal corporation of his area. The property includes all tangible real estate property, his house, office building and the property he has rented to others.

If you fail to make the payment within the stipulated time, you are liable for a penalty. For late payment, the authority levies an interest of two percent per month to the payable tax.

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