Property Tax

Property tax is an annual tax levied on the value of real estate, by the governing authority of the state where the property is located. Property tax varies from state to state. Under this system of taxing property, the government does an appraisal of the monetary value of property to assess the tax amount. The tax amount depends on the area, construction and size of the property, among other factors. MyLoanCare brings regular property tax trends and rates for all big cities in the country including Gurgaon, Delhi, Faridabad and Bangalore.

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