GHMC Property Tax Question And Answers

1. What does GHMC stand for?
a) Greater Hyderabad Municipal Corporation
b) Greater Himayat Nagar Municipal Corporation
c) Greater Hyderabad Metro Corporation
d) Greater Hitech City Municipal Corporation
Answer: a) Greater Hyderabad Municipal Corporation

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2. What is GHMC Property Tax?
a) Tax levied on all properties located in Hyderabad city
b) Tax levied only on residential properties
c) Tax levied only on commercial properties
d) Tax levied on properties located in Greater Hyderabad region
Answer: a) Tax levied on all properties located in Hyderabad city


3. Who is responsible for collecting GHMC Property Tax?
a) State government
b) Central government
c) Municipal Corporation
d) Property owners themselves
Answer: c) Municipal Corporation


4. What factors determine the calculation of GHMC Property Tax?
a) Size of the property only
b) Location of the property only
c) Both size and location of the property
d) Age of the property
Answer: c) Both size and location of the property


5. How often is GHMC Property Tax paid?
a) Monthly
b) Quarterly
c) Annually
d) Biennially
Answer: c) Annually


6. Which of the following properties is exempt from GHMC Property Tax?
a) Residential properties
b) Commercial properties
c) Government-owned properties
d) Vacant land
Answer: c) Government-owned properties


7. What happens if GHMC Property Tax is not paid on time?
a) Legal action may be taken against the property owner
b) No consequences
c) Property may be seized by the government
d) Tax amount increases automatically
Answer: a) Legal action may be taken against the property owner

See also  GHMC

8. How can property owners pay GHMC Property Tax?
a) Only in cash
b) Online, through the GHMC website or mobile app
c) Only through checks
d) In person, at the GHMC office
Answer: b) Online, through the GHMC website or mobile app


9. What is the penalty for late payment of GHMC Property Tax?
a) 5% of the tax amount
b) 10% of the tax amount
c) 15% of the tax amount
d) 20% of the tax amount
Answer: b) 10% of the tax amount


10. Which department is responsible for assessing the property value for GHMC Property Tax calculation?
a) GHMC Assessment Department
b) State Revenue Department
c) Municipal Corporation Tax Department
d) Property Tax Assessment Authority
Answer: a) GHMC Assessment Department


11. What documents are required to pay GHMC Property Tax?
a) Aadhaar card only
b) Property registration documents and occupancy certificate
c) PAN card only
d) Utility bills
Answer: b) Property registration documents and occupancy certificate


12. What does “Fiscal Year” mean in the context of GHMC Property Tax?
a) Calendar year
b) Financial year
c) Academic year
d) Gregorian year
Answer: b) Financial year


13. What is the “Assessment Circle” in GHMC Property Tax?
a) A geographic area designated for property assessment
b) A tax collection center
c) A residential complex
d) A commercial district
Answer: a) A geographic area designated for property assessment


14. How is the property tax rate determined for different properties in GHMC?
a) Fixed rate for all properties
b) Based on property size and usage
c) Based on the property owner’s income
d) Based on property location only
Answer: b) Based on property size and usage

See also  GHMC

15. What is the purpose of GHMC Property Tax?
a) To fund municipal development projects
b) To provide subsidies to property owners
c) To discourage property ownership
d) To fund state government projects
Answer: a) To fund municipal development projects


16. Which of the following is NOT a method of property tax assessment used by GHMC?
a) Unit Area Value (UAV) method
b) Capital Value method
c) Annual Rental Value method
d) No assessment is done; tax is fixed
Answer: d) No assessment is done; tax is fixed


17. What is the “Unit Area Value (UAV)” in GHMC Property Tax calculation?
a) The total area of the property
b) The value assigned to one square meter of property area
c) The value assigned to one square foot of property area
d) The property’s market value
Answer: b) The value assigned to one square meter of property area


18. What is the purpose of the GHMC Property Tax demand notice?
a) To inform property owners about tax rates
b) To remind property owners to pay tax
c) To notify property owners about tax arrears and penalties
d) To issue refunds to property owners
Answer: c) To notify property owners about tax arrears and penalties

19. How does GHMC use the revenue generated from Property Tax?
a) To provide financial assistance to property owners
b) To fund infrastructure projects like roads, drainage, and sanitation
c) To pay salaries to GHMC employees
d) To subsidize utility bills
Answer: b) To fund infrastructure projects like roads, drainage, and sanitation

See also  GHMC

20. What is the procedure for property tax assessment if there is a change in property ownership?
a) No assessment is required
b) Property owner must reapply for assessment
c) Property is automatically reassessed
d) Property is exempt from tax for one year
Answer: b) Property owner must reapply for assessmen


 

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