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To calculate the property tax, the authority multiplies the assessed value by the mill rate and then divides by 1,000. For example, a property with an assessed value of $50,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of $1,000 per year. [5]
As per orders of the Delimitation Commission, No. 109 Khardaha Assembly constituency is composed of the following: Khardaha municipality, Ward Nos.15, 18 to 21 and 35 of Panihati municipality, and Bandipur, Bilkanda I, Bilkanda II and Patulia gram panchayats of Barrackpore II community development block. [1]
The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax. There is a relationship between the assessed value and the tax liability. The higher the assessment, the higher the tax bill. In some jurisdictions, the assessed value is meant to equal the market value of a property.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
As per orders of the Delimitation Commission, No. 111 Panihati Assembly constituency is composed of the following: Ward Nos.1 to 14, 16, 17 and 22 to 34 of Panihati municipality. [1] Panihati Assembly constituency is part of No. 16 Dum Dum (Lok Sabha constituency). [1]
Panihati is bounded by Bandipur, Iswaripur and Karna Madhabpur on the north, Manish Pota, Bilkanda, Jugberia, Muragachha and Teghari on the east, North Dumdum and Kamarhati on the south, and Khardaha on the west. [7] Panihati Municipality is located on B.T. Road, Kolkata - 700114 at the western side of Sodepur railway station.
Levied on domestic property as well as non-domestic premises. Prior to 2000, it was used to fund municipal services, the responsibility of the now-abolished Urban Council and Regional Council, through the Urban Services Department and Regional Services Department. The revenue now goes to the Treasury. The bill is issued quarterly.
Sukchar (also known as Sukhchar) is a neighbourhood in Panihati of North 24 Parganas district in the Indian state of West Bengal. It is a part of the area covered by Kolkata Metropolitan Development Authority (KMDA).
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