Property taxes and assessments are recurring charges imposed by local authorities on land and buildings. These are used to fund public services and infrastructure around the property.

• Based on land value, building area, and usage type
  
• Mandatory annual expense for property owners
  
• Varies across locations and zoning classifications

Common Components

The total tax burden includes general property tax plus any special assessments linked to infrastructure or service improvements.

• Annual property tax: typically ranges from one to two percent of property value
  
• Industrial land may carry slightly higher rates due to zoning
  
• Local bodies may add special charges for roads, drainage, or service upgrades

Estimated Range

For a property valued at three crore in an industrial zone:

• Annual property tax: around three lakh to six lakh
  
• Additional assessments: varies by region, may add fifty thousand to one lakh
  
• Total yearly burden: around three point five lakh to seven lakh