Property tax is a levyon property that the owner is required to pay to the governing authority of thearea were property exist. Under the act of Delhi municipalcorporation,1957, Chapter VIII describe the tax system and rule. Entities thatwill be liable for tax: property taxes; a tax on vehicles and animals; atheatre-tax; a tax on advertisements other than advertisements published in thenewspapers; a duty on the transfer of property; and a tax on buildings payablealong with the application for sanction of then building plan. Under thischapter, points 114 to 135 refers to taxes related to property. Under propertytax, there are multiple component , rate and parameter for land and building ofDelhi.
The tax rebate not just depend on area of property but also there arecategories for exempted properties such as charitable and worship areas whichare not levied for tax. Again term “charitable purpose” define as education andmedical relief but does not include a purpose, which relates exclusively toreligious teaching. Apart from thatexempted property,also include lands and buildings vested in the Corporation, agricultural landsand buildings (other than dwelling houses). If charitable or worship land usesfor commercial or rented, then it will not be considered as exempted. the Actalso brief about Determination of ratable value of lands and buildingsassessable to property taxes. It also describes how incident of property taxhas been divided if it is rented.
The term tenant includes any person derivingtitle to the land or the building erected upon such land from the tenantwhether by operation of law or by transfer inter vivos. The Act also coverrules regarding recovery of taxes from the occupier. There is also descriptionof assessment list, its evident value and its amendment list. There isspecified rule for notice for transfer of properties, erection of any built upof building or related to it, and also notice for demolition or removal forbuilding. Point 130 to 135 covers the power of commissioner regarding call forinformation and returns and to enter and inspect premises, Premises owned by, orlet to, two or more persons in severalty to be ordinarily assessed as oneproperty, Assessment in case of amalgamation of premises, Power of Commissionerto assess separately out-houses and portions of buildings and Power ofCommissioner to employ valuers.