Kolkata Municipal Corporation (Unit Area Assessment-Tax Capping) Regulations, 2017
Kolkata Municipal Corporation.
The amount of property tax payable by an owner or any person liable to pay property tax in respect of a property on the basis of fresh annual valuation made as per the provisions contained in the Act, shall not exceed one hundred and twenty per cent of the amount paid or payable as per the last valuation fixed by the KMC.