Residential property tax finances vital projects such as road, construction, improving transportation and community facilities. They fund the development and improvement of the quality of life and contribute to the local economy development.
First, you need to gather evidence such as a property valuation report and checkout. For the similar properties in the area and raise a complaint on the. Local tax authority within the specified timeline. You can also appeal on the municipal online portal for the process.
Property taxes vary across regions depending on various factors such as the local location, the municipal budget, the economic condition of the area and infrastructure needs. The taxes are higher in urban regions because of the higher demand for facilities like roads, street lights etcetera in comparison with urban areas.
Residential properties where homes are incorporated with sustainable features like solar panels or rainwater harvesting systems can be benefited under certain municipalities.
The second homes are generally considered as non primary residence, so the tax of that property is higher. These properties may have additional lavishness depending on the tax policy, mostly if the property is rented out.