Mysuru: The Mysuru City Corporation (MCC) Council yesterday decided to increase property and other taxes by 15% which will come into effect from April 1, 2018. The hike will cover residential buildings, vacant sites, industries, trusts, cinema and marriage halls, commercial complexes, community halls, hotels, schools and colleges.
The decision was taken at the meeting of the Council held yesterday that was presided over by Mayor M.J. Ravikumar. Deputy Mayor Rathna Lakshman and MCC Commissioner G. Jagadeesha were present. With the revision, the MCC is expected to collect Rs. 20 crore more than the existing revenue. At present, the MCC collects Rs. 65 to Rs. 70 crore.
