Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in this chapter following ~ ~ ~ ~ properties shall be exempted from the property tax that is to say, tax on lands and building only, but shall be charged with tax on services :- (i) .the land and building on the Central or State Government which were not liable to pay any tax before commencement of this Act. (ii) Diplomatic office of foreign State. (iii) Lands or buildings or portions thereof exclusively used for the purpose of public workship, public burial burning ghat or any other place used for the disposal of the dead and duly registered. (iv) Open spaces including parade ground which are properties of the Government. 2 10. ( 1) A Municipality may exempt from property tax, either wholly Power of or partly, any holding which is exclusively used with the approval of the exelnption or Municipality, for public charity or any philanthropic purpose or for the a purpose of medical relief to, or education of, the poor free of charge. municipality. (2) When a Municipality is satisfied that circumstances of a particular case has created excessive hardship to a person with regard to property tax, it may reduce the amount of such tax to such extent and such manner as may by prescribed. (3) Where any building has remained vacant for 90 or more consecutive days the Municipality may, upon an application in writing from che owner remit or refund a portion of the property tax due for the period of vacancy. (4) If the annual value of a holding is less than Rs. 200 the Municipality may exempt the owner of such holding from payment of property tax : Distribution and allocation of revenues. Grant-in-aid. Power to make Rules. Intimation about amount of taxes. Provided that if such owner has more than one such holding then the total annual value of all such holdings shall be collected together and if such amount exceeds Rs. 200 the provision of exemption shall not apply.