(1) Subject to sub-section (1) of section 85, the Municipality shall levy property tax at such unit rates duly taking into consideration the location and usage as notified under section 93 on all buildings and lands which are occupied within the Municipal area, unless exempted under this Act or any other law.
(2) While levying property tax, the amount of trade license fixed as per the Act, shall also be levied and collected along with the Property Tax for the properties where any trade is being carried on.
(3) Any resolution abolishing an existing tax or reducing the rate, shall not be carried into effect without any notice issued under section 93 of this Act.
(4) The government shall exempt any residential building occupied by the owner from the property tax where the area of the building is or less than 75 square yards, having ground or ground plus one floor. In all such cases, a nominal amount of Rs. 100 per annum shall be paid by them towards property tax.
Liability for loss, waste or misappropriation.
Power to write-off irrecoverable taxes, etc.
Property Tax.
80 [Act No. 11 of 2019] Method of assessment.