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What is the property tax?
Property Tax, also sometimes known as House Tax, is the tax imposed on real estate owners by the municipal authorities like panchayat, municipality, or municipal corporation. It is used for maintenance and upkeep of the local civic amenities of the area, like roads, sewage systems, lighting, parks, and other infrastructure facilities. It is usually levied on all real estate, including buildings (residential or commercial), attached land, and improvements made to the land, but not on vacant plots of land with no adjoining building.
