(1) The Property Tax on buildings shall be levied on the following basis, namely:-
(a) Capital value, or
(b) Annual rental value, or
(c) Such other basis as prescribed.
(2) Every building shall be assessed together with its site and other adjacent premises occupied as an appurtenance thereto.
(3) The method of assessment, complaints, serving of notice, collection and recovery shall be in the manner, as prescribed.
Self-assessment. 94. (1) The owner of a building for new construction or reconstruction, which is not assessed in the municipal records, may submit an online self-certification and ensure his property is assessed and pay the tax to the Municipality.
The individual shall be responsible for furnishing correct information in the self-assessment.
(2) An audit at random will be undertaken for the self assessments made under sub section (1) in respect of plot size/plinth area/floors/usage, as prescribed.
(3) In case, any variation is found during the Audit, the Commissioner shall correct the assessment and levy and collect the actual tax, along with one-time penalty of 25 times for incorrect certification and initiate penal action as prescribed under the rules.
(4) Penalty on unauthorized construction or usage: - [Act No. 11 of 2019] 81
(a) Notwithstanding anything contained in this Act and the rules made thereunder, where a building is constructed or reconstructed, or some structures are raised unauthorizedly, it shall be competent to the assessing authority to levy property tax on such building or structure with a penalty, as specified in this Act, till such unauthorized construction is demolished or regularized without prejudice to any proceedings, and the penalty so payable shall deem to be the property tax due,-
(i) upto 10 percent of the violation of permissible setbacks, only in respect of floors permitted in a sanctioned plan: - 25 percent of property tax as penalty;
(ii) more than 10 percent violation of permissible setbacks, only in respect of floors permitted in a sanctioned plan: - 50 percent of property tax as penalty;
(iii) unauthorized floors over the permitted floors in a sanctioned plan: -100 percent of property tax as penalty.
(iv) total unauthorized construction: -100 percent of property tax as penalty.
(v) violation of usage: - 100 percent of property tax as penalty and revised rate based on the new usage thereafter.
(b) The levy and collection of penalty referred under sub-section (1) shall not be construed as regularization.
Sub-section (1) does not apply to buildings where occupancy certificate is issued by the Municipality with penalty of such unauthorized construction.
(c) When penalty is levied on unauthorized construction I deviation, the information of such properties, shall be sent to or brought to the notice of the Town 82 [Act No. 11 of 2019] Planning Section of the Municipality so as to take action for demolition or regularization, as the case may be, under the provisions of this Act.
(d) The penalty leviable under sub-section (1) shall be determined and collected by such authority and in such manner as may be prescribed in accordance with this Act.
(e) Monthly lists:- For regular assessment of any lands or buildings covered under sub-section (1) and clause
(i) of sub section (4) of this section, the Revenue staff of the Municipality or any officer authorized in that behalf, shall prepare and submit monthly lists to the Municipal Commissioner who shall assess all such properties in the list and bring into the tax record immediately. The Municipality shall submit the statement of monthly lists, to the Regional Director.
Vacancy remission.