
Hemanth & Associates
Hemanth S
23 Years Exp
Property Tax Payment (Show More)
Bangalore , Malleswaram
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Overview
A property tax is a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. Multiple jurisdictions may tax the same property. This is in contrast to a rent and mortgage tax, which is based on a percentage of the rent or mortgage value. There are four broad types of property: land, improvements to land (immovable man-made objects, such as buildings), personal property (movable man-made objects), and intangible property. Real property (also called real estate or realty) means the combination of land and improvements. Under a property tax system, the government requires and/or performs an appraisal of the monetary value of each property, and tax is assessed in proportion to that value. Forms of property tax used vary among countries and jurisdictions. Real property is often taxed based on its classification. Classification is the grouping of properties based on similar use. Properties in different classes are taxed at different rates. Examples of different classes of property are residential, commercial, industrial and vacant real property.[1] In Israel, for example, property tax rates are double for vacant apartments versus occupied apartments.
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Name : Hemanth S
Law Firm Name : Hemanth & Associates
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 2002
About Your Firm : A thorough understanding of the Property and Real Estate sector and vast experience in dealing with corporations, organizations and individuals gives our team the expertise to advise clients on various aspects of property transactions in India and particularly in Bangalore.??We advise clients and prepare legal documentation for the purchase, sale, lease, rent, mortgage, development, joint venture, construction and in all transactions related to the properties including commercial, industrial, agricultural and residential. We also advise client on the applicable local laws, stamp duties, registration requirements and regulatory and statutory approvals.??Our real estate and property service includes: Due diligence for property purchase Title search Title opinion on property/documentation Legal scrutiny Legal documentation Registration Formation of societies and welfare associations Regulatory and Statutory compliance's We have rich experience in property and real estate litigation. Our property and real estate litigation matters include: Title disputes Landlord and Tenant disputes Attachment of property Disputes under specific performance and transfer of property laws Partition and division of property Land use regulations Land acquisition and dispositions
Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
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Hemanth | kar/1527/2002 | |
Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Legal & Drafting
NRI Services
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