5 percent rebate from Apr. 1 to Apr. 30
Mysuru: In a move aimed at boosting municipal revenue, the Mysuru City Corporation (MCC) has implemented a 3-5 percent increase in Property Tax for the 2025-26 financial year, effective April 1.
The decision has caught residents off guard, coming at a time when citizens are already grappling with rising costs of milk, increased power tariffs, and higher bus fares.
MCC Commissioner Shaikh Tanveer Asif clarified that the tax revision follows a Government directive. “The necessary adjustments to the tax calculator will be completed by month-end to facilitate the revised tax calculations,” he said.
However, Mysuru City Corporation (MCC) Commissioner Shaikh Tanveer Asif assured taxpayers that the existing 5 percent rebate for timely payments — available from Apr. 1 to 30 — will continue as in previous years.
Mysuru City Corporation oversees 1.79 lakh properties within its limits, including both residential and commercial units.
The recent introduction of e-Khata and B-Khata systems has already contributed significantly to the civic body’s revenue stream.
The increased Property Tax will fund critical civic infrastructure and services.
This post was published on March 29, 2025 6:44 pm