Resale property owners have to pay limited tax dues
Owners of apartments purchased through resale will no longer have to cough up property tax dues that date back several years, and at times, over a decade. Kolkata mayor Firhad Hakim on Saturday asked the assessment department to ensure that KMC did not demand dues exceeding one general revision (GR) from new owners, who have either bought a property or had been gifted one. A GR or general revision of property tax is carried out every six years. Usually, the rate of hike is 10%. The issue came to light when the mayor received two calls from property owners in the Garia-Patuli belt during the ‘Talk to Mayor’ session on Saturday. Both said they bought apartments on resale and that they were burdened with huge tax dues for no fault of theirs.
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