The increase in the property tax rates, ranging from 25% to 50%, will affect about 83% of the houses in Tamil Nadu.
Of a total of 77.87 lakh houses in the State, the 25% increase will cover approximately 45.54 lakh houses and 50% will cover 19.23 lakh houses. Giving the details, a senior government official says only around 7% of the houses come under the slabs of 100% and 150%.
The official clarifies that in respect of town panchayats and municipalities, the government has issued directions for the increase, whereas in the case of 21 municipal corporations, it has advised the local bodies with regard to the increase. The councils of the corporations are expected to adopt resolutions on the tax revision; thereafter, the increase will come into force.
