| Local Rate
The Council levies a local rate on
the owner of any immovable property included in the valuation
list, the net annual value of which exceeds 1,750 rupees.
The local rate becomes due on the 1st July and is payable in two
equal instalments as the Council may by regulations prescribe
The Local Rate presently payable is as follows:
| NET ANNUAL VALUE OF IMMOVEABLE
ROPERTIES
(RS) |
RATE PER CENT PER ANNUM |
| 0 - 1750 |
0 |
| 1751 - 2450 |
9 |
| 2451 - 7500 |
11 |
| 7501 - 10625 |
13 |
| 10626 - 12750 |
14 |
| 12751 - 16500 |
15.5 |
| 16501 - 22500 |
17 |
| 22501 - 30000 |
18 |
| 30001 - 35000 |
19 |
| 35001 - 44000 |
20 |
| 44001 - 60000 |
21 |
| 60001 - 75000 |
22 |
| 75001 - 150000 |
23 |
| 150001 - 250000 |
23.5 |
| 250001 - 400000 |
24 |
| 400001 - 600000 |
25 |
| 600001 - upwards |
26 |
The local rate levied under section 95 of Local Government Act 2011 shall in respect of every financial year, be due on 1 July and shall subject to subsection (2), be payable in 2 equal instalments, the first one on or before 31st July in that year and the second one on or before 31st January next ensuing.
i. Where any local rate is not paid by the owner within the periods specified above a surcharge representing 10 per cent is leviable on the amount of the rate due and payable;
ii. Where any sum due for local rate or surcharge is not paid in the financial year in which it becomes due and payable, it shall carry interest at the rate of 15% p.a. or such other rate as may be prescribed until such time as it is paid.
iii. The Financial Controller, shall within one year of the date on which the local rate becomes due, take action for the recovery of the local rate by summary process under the Recovery of State Debts Act.
iv The owner of any property shall notify the Council of any change
(a) in ownership of the property (b) in his residential or business address within one month of the date on which it is so effected. If he fails to do so, he shall commit an offence.
v. Any ratepayer may, on a written application being made to the Chief Executive before 1st July, authorise the local rate to be paid, without any surcharge, by bank standing order, in not more than 12 equal consecutive instalments during that financial year.
vi. The local rate shall be due and payable notwithstanding the fact that the ratepayer may not have received a claim for such local rate.
vii. The Council may grant to any ratepayer such time for payment as it thinks fit not exceeding 6 months where it is satisfied that the ratepayer is unable to pay the local rate and surcharge due otherwise than by instalments.
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