It is the annual amount paid by a land owner to the local government or municipal corporation of the area
Devika Arora
7 years ago
Published Date: May 22, 2018
Updated Date: Mar 27, 2024
It is the annual amount paid by a land owner to the local government or municipal corporation of the area. 'Property', here, means all tangible real estate property- house, office building and any other property that the land owner may have rented.