Property tax is often based on the assessed value of the property. If property values in Bangalore have risen, it's likely that property taxes would increase as well. This can happen due to factors such as urban development, infrastructure improvements, or simply increased demand for real estate in the area.
Inflation can also play a role in property tax increases. As the cost of goods and services rises over time, municipalities may need to adjust property tax rates to keep up with the increased cost of providing services and maintaining infrastructure.
Changes in government policies or regulations related to property taxation can also lead to increases.
Rapid population growth and urbanisation can strain municipal resources and infrastructure, leading to the need for increased property tax revenue to support the growing population and maintain the quality of services.
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Why Property Tax has Been Increased in Bangalore?
bharat
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1 Answers
10 months
2024-03-06T11:56:46+00:00 2024-03-06T11:56:47+00:00Comment
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