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Property tax hiked 15% by City Corporation

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The citizens of Belagavi will have to spend 15% more as property tax. The Belagavi City Corporation Council accorded approval for enhancement of property tax by 15% here on Wednesday.

The resolution adopted in this regard by the council would be sent to the government for approval.

Wealth creation

ccb-boardRatan G. Masekar, Chairman, Standing Committee on Taxation and Finance insisted that the council should limit the tax enhancement by only 15% as per Section 109A of the KMC Act, 1976 instead of enhancing by 30%. Already, the Act provides for mandatory enhancement of property tax by 15% once in every three years.

The council also recommended to continue with the 5% rebate who pay up in April.

Trinity Belagavi
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