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Vizianagaram Municipal Corporation is the civic body that governs the city of Vizianagaram in the Indian state of Andhra Pradesh.The municipality was first constituted in the year 1888 and was upgraded to corporation on 9 December 2015.
Local Body Tax (LBT) is a levy that traders have to pay the local municipal corporation for goods imported to the state. It is an account-based tax for every raw material used or imported into the city's limits by all businesses, traders and manufacturers and replaces traditional tax collections.
First mayor of VMC [18] Elections not held (1986 - 1987) 2. D. V. Subba Rao: 1987 1992 5 years Telugu Desam Party [19] Elections not held (1992 - 1995) 3. Sabbam Hari: 1995 2000 5 years Indian National Congress [20] 4. Rajana Ramani 2000 2005 5 years First women mayor of VMC [21] Greater Visakhapatnam Municipal Corporation (GVMC) Elections not ...
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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.
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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.