https://www.taxtmi.com/article/detailed?id=1519 The scheme applies area-wise base unit values adjusted by multiplicative factors for age, structure, road width, usage and occupancy, producing substantially higher municipal valuations and taxes for commercial and let-out properties. Because municipal tax functions as a charge for civic services, and commercial or tenanted premises typically consume many services far less intensively than owner-occupied residences, blanket high multipliers for commercial use and tenancy lack logical justification; rent is therefore an inappropriate basis for property tax valuation. en-us Mon, 28 Nov 2011 11:53:06 +0530 Mon, 28 Nov 2011 11:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1519 The scheme applies area-wise base unit values adjusted by multiplicative factors for age, structure, road width, usage and occupancy, producing substantially higher municipal valuations and taxes for commercial and let-out properties. Because municipal tax functions as a charge for civic services, and commercial or tenanted premises typically consume many services far less intensively than owner-occupied residences, blanket high multipliers for commercial use and tenancy lack logical justification; rent is therefore an inappropriate basis for property tax valuation. Articles Other Topics Mon, 28 Nov 2011 11:53:06 +0530 https://www.taxtmi.com/article/detailed?id=1519