Uttar Pradesh plans property tax reforms, eyes more revenue
Real Estate

Uttar Pradesh plans property tax reforms, eyes more revenue

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

The way that property taxes are calculated in smaller cities and towns will be revised by Uttar Pradesh. 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 municipal councils and 544 town councils in UP still calculate tax and annual rental value by hand, despite 14 out of 17 municipal corporations in the state having installed a GIS-based property tax computation module.

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