Description

Vacant land tax is a tax levied on vacant land by the Revenue section of a municipality. The tax is based on certain criteria and is assessed on the owner of the land. The process for vacant land tax valuation includes: Inspection: A tax inspector or bill collector will inspect the property to verify the title Assessment: The vacant land is assessed to determine the tax Notices: The owner of the vacant land will be issued notices Collection: The tax is collected and records are maintained The rate of vacant land tax varies by municipality: Coimbatore City Municipal Corporation: The rate is 1.125% for the old corporation area and 0.5% for the newly added area. After October 1, 2017, the rate is 60 paise per square foot of vacant land. GHMC: The rate is 0.5% of the estimated capital value of the land.