Why are property taxes so high in Bangalore?
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Why property taxes are so high in Bangalore. I understand that different areas in Bangalore have varying price ranges, but why is the overall property tax so high? I am relocating to Bangalore.
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It's high due to rapid urban development, the Unit Area Value (UAV) system, and higher property values, especially in prime zones. All these factors contributed to increased property taxes. The BBMP municipal corporation frequently revises rates based on zones, usage, and property type, which ultimately increases the tax burden.