Margao House Tax Soars 300% with New Council Method
MARGAO: The Margao Municipal Council (MMC) has introduced a new capital value method for calculating house taxes, resulting in over a 300% hike for new residential and commercial properties. The transition to this new formula was prompted by a directive from the Directorate of Municipal Administration and formalized through a council resolution on January 3, according to MMC sources. This method significantly increases the tax burden on new property owners. For instance, the annual house tax for a 100sqm residential flat has surged from Rs 2,000 under the previous system to Rs 6,600 under the new capital value method—marking a…