The Government of Andhra Pradesh on 24.11.2020 has issued the Levy and Assessment of Property Tax Rules, 2020 applicable to all the Urban Local Bodies (Nagar Panchayats, Municipalities and Municipal Corporations) of Andhra Pradesh. The Rules provides that the Property Tax shall be levied at such percentages of the Capital Value of lands or buildings or both as may be fixed by the Municipal Council/Corporation.
The percentage of the property tax so fixed, shall not be less than 0.10% and not more than 0.50% of the Capital Value (CV) in the case of residential buildings and shall not be less than 0.20% and not more than 2.00% of the Capital Value (CV) in the case of non-residential buildings, which shall be effected from the Financial Year 2021-2022.
