It is good that the Mysuru City Corporation (MCC) has at last got the online payment of property tax for the year 2022-23 working or so it seems.
Now owners can pay their property tax from the comfort of their homes and there is no need for us to disturb the Revenue Officers. I will definitely try it out in the next few days.
However, I have noticed the property tax has gone up again this year, instead of going down a bit because the property is now one year older in age. Last tax cycle the MCC increased the tax by 15%. So why the increase this year too? On going through the SAS of the year 2021-22 and 2022-23, I find the MCC has reduced the depreciation. The world over including India depreciation usually increases as the building ages. Surprisingly, the depreciation for this year has been reduced. Why? I think this is a way the MCC has devised to mop up extra tax.
I usually pay property tax within the first 7 to 10 days when the property tax pay kicks in. However, I will wait for sometime to see if the MCC addresses this issue and also the improper increase in the property tax.
– George Rego, Mysuru, 1.4.2022
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