UP plans property tax reforms, eyes more revenue
Real Estate

UP plans property tax reforms, eyes more revenue

The way that property taxes are calculated in smaller cities and towns will be revised by UP.

The Yogi Adityanath administration is anticipated to give the urban development department the go-ahead to pursue property tax reforms that would increase tax revenue in order to make urban local bodies self-sufficient.

The 199 nagar palikas (municipal councils) and 544 nagar panchayats (town councils) in Uttar Pradesh still calculate tax and annual rental value by hand, despite 14 out of 17 nagar nigams (municipal corporations) in the state having installed a GIS-based property tax computation module.

The way that property taxes are calculated in smaller cities and towns will be revised by UP. The Yogi Adityanath administration is anticipated to give the urban development department the go-ahead to pursue property tax reforms that would increase tax revenue in order to make urban local bodies self-sufficient. The 199 nagar palikas (municipal councils) and 544 nagar panchayats (town councils) in Uttar Pradesh still calculate tax and annual rental value by hand, despite 14 out of 17 nagar nigams (municipal corporations) in the state having installed a GIS-based property tax computation module.

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