New Delhi, July 28 -- The Haryana Cabinet, which met under the chairmanship of the Chief Minister Nayab Singh Saini, on Tuesday, accorded in-principle approval to a new, simplified and transparent methodology for levy of property tax on buildings and lands within the limits of Municipal Corporations, Municipal Councils and Municipal Committees across the State.

The new methodology, notified separately for Municipal Corporations under the Haryana Municipal Corporation Act, 1994 and for Municipal Councils and Committees under the Haryana Municipal Act, 1973, supersedes the property tax notifications of 2013 and introduces a uniform, formula-based system of assessment across all Urban Local Bodies (ULBs) in the State, a release said.

It sa...