New property tax norms

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The Kozhikode Corporation is planning to introduce a new system for collection of property tax in the city, based on the carpet area of the building. Councillors are expected to give approval to the recommendations of the Finance Standing Committee, which took this decision in January this year, at the City Corporation Council meeting here today.

Officials said that the Finance Committee had prepared a zonal map for the 55 wards of the Corporation. The tax would be fixed in compliance with the guidelines issued by the state government. Property tax is levied under Section 233 of the Kerala Municipality Act.