India, April 12 -- In a communication to the Ghaziabad Nagar Nigam on Friday, the Uttar Pradesh government announced a slight reduction in rental values, aiming to lower the overall property-tax on properties, officials said.They added that the new rates will be incorporated in the next few days.

Explaining the order at a press conference on Saturday, city mayor Sunita Dayal and civic officials claimed that the revised rates will effect an increase of about 10-12% in property tax levied on properties.

Rental values are the amount a property can generate in rent over a specific period, and form the basis for the calculation of property tax. The corporation last increased these values in 2024, effective April 1, 2024.

However, the increa...