In yet another shock to the common man in the state, Andhra Pradesh state government bringing an arbitrary rule for estimating property tax based on the registration values. The Municipal Administration and Urban Development (MAUD) department on Tuesday issued an order notifying the rules for levying and assessment of property tax.
In the line of which, the property tax will be fixed based on the market value of the asset fixed by the stamps and registration department in a particular area. This came hours after hiking the sewerage user charges to make urban local bodies (ULBs) financially self-sufficient.
Revised rates shall be effected from April 1 of succeeding financial year, as per the new orders.However, what churned debates is that the state Government by implementing the new rules will become eligible for getting another 0.25 percent loans.
The decision drew sharp objections from taxpayers associations, civil society organisations and left parties demanding the government to take back the decision which brings 10 times burden to the common man besides the hiked prices of petrol, groceries, and liquor due to the corona crisis.
Tax Blow: AP Govt Burdens Common Man Yet Again
In yet another shock to the common man in the state, Andhra Pradesh state government bringing an arbitrary rule for estimating property tax based on the registration values. The Municipal Administration and Urban Development (MAUD) department on Tuesday issued an order notifying the rules for levying and assessment of property tax.
In the line of which, the property tax will be fixed based on the market value of the asset fixed by the stamps and registration department in a particular area. This came hours after hiking the sewerage user charges to make urban local bodies (ULBs) financially self-sufficient.
Revised rates shall be effected from April 1 of succeeding financial year, as per the new orders.However, what churned debates is that the state Government by implementing the new rules will become eligible for getting another 0.25 percent loans.
The decision drew sharp objections from taxpayers associations, civil society organisations and left parties demanding the government to take back the decision which brings 10 times burden to the common man besides the hiked prices of petrol, groceries, and liquor due to the corona crisis.
