SDMC Proposes Hike In Property Tax
For the Budget 2019-20, the SDMC has proposed to levy property tax on residential properties based on various category of colonies. The proposed rates for residential properties falling under categories A and B is 14 per cent, instead of 12 per cent. For categories C, D and E, the corporation has proposed property tax 12 per cent, instead of 11 per cent. For the F, G and H categories the property tax would be levied at eight per cent, instead of seven per cent.