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Greater Chennai Corporation (GCC) [2] is a local government for the City of Chennai in the Chennai Metropolitan Area of Tamil Nadu, India.Inaugurated on 29 September 1688, under a royal charter issued by King James II of England on 30 December 1687 as the Corporation of Madras, it is the oldest municipal body of the Commonwealth of Nations outside Great Britain.
Values are determined by local officials, and may be disputed by property owners. For the taxing authority, one advantage of the property tax over the sales tax or income tax is that the revenue always equals the tax levy, unlike the other types of taxes. The property tax typically produces the required revenue for municipalities' tax levies.
The payment of the property tax is usually made before mid-October. The tax notice is drawn up in the name of the owner who is the only person liable for the property tax. The precise deadline for paying it varies depending on the method of payment chosen. Exemption from property tax. In certain situations the property tax allows exemptions.
Average annual property tax paid: $4,351. Wisconsin’s property tax rate is over 1.6%, which, at an average home value of $266,908, translates to property taxes that are closing in on $4,500 per ...
Say your gross monthly income is $5,000 a month, and you typically pay $700 a month to your mortgage, $500 a month to credit cards and $250 a month to a personal loan — a total of $1,450 in ...
Tax protester, a person who refuses to pay a tax they believe to be wrong or illegal; Tax resistance, refusal to pay taxes as a protest measure; Tax haven, a country whose banking or tax laws allows companies to avoid paying taxes in other countries
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In the United States, payment in lieu of taxes can arise in several ways: Land owned by the federal government is generally not subject to taxation by state or local governments. Under Public Law 94-565, enacted in 1976, the federal government began making payments in lieu of taxation to local governments affected by this reduction in their tax ...
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