Section 109A of THE KARNATAKA MUNICIPAL CORPORATIONS ACT, 1976.
contained in section 108 and 109 the property tax assessed and levied under either provision shall be assessed in year of revision of guidance value of property under section 45B of the Karnataka Stamps Act, 1957.
- (2)The property tax shall stand enhanced by three percent for every financial year in which no revision of guidance value is made. Provided that, the Municipal Corporation may enhance such property tax up to five percent for every financial year and different rate of enhancement may be made to different areas and different classes of buildings and lands. Provided further that, nothing contained in this section shall be deemed to affect the power of State Government to direct an earlier revision of property tax. Explanation: “Financial year” shall mean the year commencing on the first day of April.] ] w.e.f.1.4.2005. 1[109A. Enhancement of property tax.- Notwithstanding anything contained in section
↩1.Inserted by Act 31 of 2001 w.e.f. 19.11.2001 and substituted by Act 5 of 2005
↩2.Substituted by Act 04 of 2021 w.e.f. 19.01.2021, The previous text was, “
108 and 109 the property tax assessed and levied under either provision shall not
be assessed each year thereafter but shall stand enhanced by 15 percent once in every three years commencing from the financial year 2005-2006: Provided that the Municipal Corporation may enhance such property tax upto 30 percent once in three years and different rates of enhancement may be made to different areas and different classes of buildings and lands: Provided further that the non assessment of property tax under this section during the block period of three years shall not be applicable to a building in respect of which there is any addition, alteration or variation to it. Provided also that nothing contained in this section shall be deemed to affect
the power of State Government to direct an earlier revision of property tax.]
”.