Hyderabad: The Telangana Government on Tuesday issued orders authorising the GHMC Commissioner & Special Officer for exemption of Property Tax to a particular category of residential buildings.
As per GO.MS.No. 6 issued by the Municipal Administration & Urban Development Department on Tuesday, any residential building occupied by the owner, wherein the Annual Rental Value does not exceed Rs 4,100/- (i.e. Rs 1200/- Property Tax per annum) would be given Property Tax exemption. However, the beneficiaries would have to pay a nominal amount of Rs. 101/- per annum towards Property Tax.
In its order, the State Government clarified that it would not compensate to the GHMC for the above exemption of Property Tax. (INN)