As I have property in Bangalore, I can tell you why does property tax increase every year here. It is mainly because the Karnataka government has approved a user charge for all home waste generators in Bengaluru. The fact that BSWML offers waste collection and disposal services justifies the payment. Apart from this, there are many other reasons that I added below.
Why Property Tax Gone Up in Bangalore?
The annual rises in property taxes are caused by many interrelated factors that represent the nation's changing administrative and economic environment. Here are a few reasons why property taxes are increasing annually.
The rising need for infrastructure development and public services is the primary driver of the yearly growth in property taxes. It forces local governments to alter tax systems to raise revenue.
An increase in the tax rate would be approved by the County Commission, the taxing authority, or by citizens’ vote.
A court-ordered reappraisal or an "economically-based" increase in the market value of the county's properties would increase the appraised value.
In general, property values increase over time because of several variables, including market dynamics, urban development, and better connectivity. Local governments frequently update tax assessments to reflect the rising value of real estate.
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Why does Property Tax Increase Every Year?
Venu8
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2025-05-27T12:50:11+00:00 2025-05-27T12:50:12+00:00Comment
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