Mysore/Mysuru: The Mysuru City Corporation (MCC) Council has decided to increase Property Taxes by 15 percent which will come into effect from Apr. 1, 2021.
The hike will cover all residential and commercial buildings, vacant sites, industries, trusts, cinema and marriage halls, commercial complexes, community halls, malls, choultries, hotels, schools, charitable trusts and colleges. The decision was taken at the meeting of the Council held yesterday that was presided over by Mayor Rukmini Madegowda. Deputy Mayor Anwar Baig and MCC Commissioner Shilpa Nag were present. With the revision, the cash-strapped MCC is expected to rake in an additional Rs. 30 crore more than the existing revenue. At present, the Civic Body collects about Rs. 150 crore and with the revision, it will gain Rs. 180.34 crore.
