We are sending the PropTax Monkeys packing. Well at least exploring the globe for interesting property tax facts. Join us as we embark on a great journey and discover “Where in the World are the PropTax Monkeys?” This month they are visiting the Taj Mahal and enjoying the incredible food that India has to offer.
- Property tax or ‘house tax’ is a local tax on buildings, along with appurtenant and land. It is imposed on the owner.
- Algebra, Trigonometry and Calculus are studies, which originated in India.
- The tax power is vested in the states. It is delegated by law to the local bodies specifying the valuation method, rate band, and collection procedures.
- India has the largest number of Post Offices in the world.
- Until 1896, India was the only source of diamonds in the world.
- The normal property tax is usually coupled with a number of service taxes for instance water tax, drainage tax, sanitation tax, and lighting tax. All of these use the same tax base.
- The largest employer in India is the Indian Railways, employing over a million people.
