Residential Property: Find The Right One For You

Residential property tax is a tax levied by the municipal authority on residential properties. Property owners must pay this tax annually based on factors like location, property size, and amenities.

Yes, exemptions may be available for Senior citizens and disabled individuals, Women-owned properties in some states, Properties owned by government employees in certain cases, Agricultural properties and charitable institutions

Non-payment of residential property tax can lead to penalties, interest charges, and even legal actions by the municipal corporation.

Yes, in some cities, rented properties may have a higher tax rate than self-occupied properties due to the income generation factor.