What is Property Tax?
A Property Tax is a tax that an individual or a corporation pays to the municipality or other government bodies for owning land in the area where the municipal body is located. The respective municipalities levy property tax for offering amenities in your residence area, such as cleaning of nearby roads, garbage collection, sewage maintenance, electricity checks, sanitation, waste management, to name a few. As a landowner, you must pay the property tax bi-annually or annually as applicable.
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