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Property tax hike will not be more than 15% of existing amount, says Botcha


Property tax hike will not be more than 15% of existing amount, says Botcha
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‘Under the new structure, it will not be possible to influence tax collectors’
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‘Under the new structure, it will not be possible to influence tax collectors’
The government has taken a policy decision to rationalise the property tax structure in the State by linking it to the value of the property owned by the assessee, and it does not mean the tax will be increased arbitrarily, according to Minister for Municipal Administration and Urban Development Botcha Satyanarayana.
“The increase in property tax will not be more than 15% of the existing amount,” Mr. Satyanarayana told the media here on Wednesday. ....

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