Margao house tax up by 300%as council adopts new method
Margao Municipal Council's new capital value method for calculating house tax has triggered a massive surge in property taxes, exceeding 300% for new residential and commercial properties. This shift from rental value to asset-based taxation, driven by a directorate circular, significantly impacts new property owners.
Margao Municipal Council's new capital value method for calculating house tax has triggered a massive surge in property taxes, exceeding 300% for new residential and commercial properties. This shift from rental value to asset-based taxation, driven by a directorate circular, significantly impacts new property owners.
