Thiruvananthapuram: The state government has decided to renew the property tax of Kerala by March 31. It has also been decided to revamp the tax annually from the next financial year onwards.
The tax for the houses with floor area over 3,000 square feet will be increased by 15 per cent. The renewed tax rate will be applicable for the houses built from April 1.
The cabinet has decided to bring the houses with more than 50 square metre (538.196 square feet) of floor area under the ambit of the property tax of the local self government department. Currently, thoses houses with at least 660 square feet of floor area have to pay the tax. Only half of the tax rate had been imposed on the houses with floor space between 50 to 60 square metre.
The decision to set a limit for the increase in property taxes of a specific kind of houses will be revoked. The cabinet meeting on Wednesday approved the recommendations put forward in the second report of the sixth Finance Commission regarding this.
GIS system will be introduced to collect the tax regularly without delay. A special team will be entrusted to solve the complaints raised over the software.
Report before demolition
The state will reintroduce section 241 of the Kerala Municipality Act. Hence, the owner will have to inform the local self government prior to demolishing his building. Otherwise, the owner will have to pay the property tax for the date until the owner reports this to the self governing body.
Amendment of Entertainment Tax Act
The cabinet has given a nod to fix the entertainment tax rate at 10 per cent. The local self governing institutions have to set up softwares to calculate the entertainment tax for the ticket distribution at cinema theatres. Those theatres which possess their own softwares have to set up bridge software for sharing data with the local governing bodies.
The advertisement boards fixed for commercial purpose on roadside will be brought under the limit of licence fees. The cabinet has also approved the demand for reforming the tax rate imposed on the mobile towers.
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