Housing Society Problems & Solutions: Property Tax in Delayed Possession and Redevelopment Woes
Property tax payments are a source of income for development and civic bodies in India, and it is a mandatory levy imposed on owners of immovable assets. It is important to note that property tax is to be paid by owners who are in possession of the property. This means that builders who have not transferred possession of the flat or apartment to the owner are liable to continue paying property taxes until the time of possession.
Source: moneylife.in