3.
Property tax
This is the main stay of municipal revenue. It is levied
under section 233 of the Kerala Municipality Act. 1994 on
all building and appurtenant lands within the municipal
limits except those exempted by or under the said Act or
any other law. The property tax may comprise a tax for general
purpose and a service tax viz., Water tax, drainage tax,
lighting tax and Sanitary tax in Corporations and in Municipalities
the tax may comprises a tax for General Purpose, lighting
tax and sanitary tax and water tax. The rate of tax part
from 10 to 25 % of the annual value of a building in the
case of municipalities and 15% to 25 % in Corporations.
The annual rental value of a building will be re-fixed once
in 5 years and it is payable half yearly. The council is
the authority to fix the rate of tax to be levied by each
municipality.
II.
Profession tax
As
per section 245 of the Kerala Municipality Act 1994 the****are
at***** to levy and collect profession tax from every person
or company who transacts business exercised a professional;
trade or calling or holds any appointment not less than
60 days in the aggregate in any half year and in respect
of a specified amount of half yearly income
III.
Advertisement Tax
This
item of tax is levied from persons who erect, exhibit fix
or retain upon or over any land, building, wall structure
any advertisement or who display any advertisement in public
view at any place private of public./ The urban local bodies
are at liberty levy the tax not less than and not more than
the rate specified by the Government
IV.
Duty on transfer of property( Surcharge)
This
is levied under section 270 of the Kerala Municipality Act
1994 and the Kerala Municipalities (Duty on transfer of
property) Rules 1962. It is levied in the form of a surcharge
on the duty imposed by the Kerala Stamp Act. 1959, on every
instrument relating to immovable property situated within
the municipal limit at such rate as may be fixed by Government
not exceeding 5%. The amount is being collected by the Registration
Department and later on apportioned to and distributed to
the urban local bodies quarterly by the Inspector General
of Registration after deducting a collection charge as permitted
by the rules referred to above.
V.
Entertainment tax
As
per Local Authorities Entertainment Tax Act and Rules the
Local Authorities can levy entertainment tax at a rate not
less than 15 % and not more than 30% on each price for admission
to any entertainment. The tax is collected along with the
price for admission itself. The major portion of the tax
is collected from Cinema Theatres.
VI.
Additional Entertainment
As
per section 2 (2) of the Kerala Additional Tax on entertainment
and surcharge on show tax Act 1963 an additional tax on
entertainment is collected at the rate of 60% of the entertainment
tax Collection under this items is shown in annexure.
Rent
on Land and Building
Most of the Urban Local Bodies are maintaining Lodging Building*************
