Local Rate

The Council levies a local rate on the owner of any immovable property included in the valuation list, the net annual value of which exceeds 1,750 rupees. The local rate becomes due on the 1st January and is payable in two equal instalments as the Council may by regulations prescribe

The Local Rate presently payable is as follows:

NET ANNUAL VALUE OF IMMOVEABLE ROPERTIES
(RS)
RATE PER CENT PER ANNUM
0 - 1750
0
1751 - 2450
9
2451 - 7500
11
7501 - 10625
13
10626 - 12750
14
12751 - 16500
15.5
16501 - 22500
17
22501 - 30000
18
30001 - 35000
19
35001 - 44000
20
44001 - 60000
21
60001 - 75000
22
75001 - 150000
23
150001 - 250000
23.5
250001 - 400000
24
400001 - 600000
25
600001 - upwards
26

The local rate levied under section 95 of Local Government Act 2011 shall in respect of every financial year, be due on 1 January and shall subject to subsection (2), be payable in 2 equal instalments, the first one on or before 31st January in that year and the second one on or before 31st July next ensuing.

i. Where any local rate is not paid by the owner within the periods specified above a surcharge representing 10 per cent is leviable on the amount of the rate due and payable;

ii. Where any sum due for local rate or surcharge is not paid in the financial year in which it becomes due and payable, it shall carry interest at the rate of 15% p.a. or such other rate as may be prescribed until such time as it is paid.

iii. The Financial Controller, shall within one year of the date on which the local rate becomes due, take action for the recovery of the local rate by summary process under the Recovery of State Debts Act.

iv The owner of any property shall notify the Council of any change (a) in ownership of the property (b) in his residential or business address within one month of the date on which it is so effected. If he fails to do so, he shall commit an offence.

v. Any ratepayer may, on a written application being made to the Chief Executive before 1st January, authorise the local rate to be paid, without any surcharge, by bank standing order, in not more than 12 equal consecutive instalments during that financial year.

vi. The local rate shall be due and payable notwithstanding the fact that the ratepayer may not have received a claim for such local rate.

vii. The Council may grant to any ratepayer such time for payment as it thinks fit not exceeding 6 months where it is satisfied that the ratepayer is unable to pay the local rate and surcharge due otherwise than by instalments.

 

 

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