Property Tax Rebate 2024 In India. The property tax rebate is a rebate of up to $675 per year of property taxes paid on a principal residence. Under section 144 (8) of the bbmp act 2020, the civic body can give a 5% rebate to property owners who make the payments at the beginning of a financial year.

Ghmc targets 1,200 crore property tax collection in 30 days via 5% rebate early bird scheme. Taxpayers must show home rent income under ‘income from house property’ in it returns: