Property tax is a primary source of revenue for the Banda Municipal Corporation. This form of tax is to be paid annually by the property owners to the municipal corporation of the jurisdiction in which the property/ land is located. The system of taxation has been made mandatory by the Government for anybody who owns property in Banda. In this article, we review the various aspects of Banda property tax in detail. The regulations under this act apply to serves the assessment of tax collected from the Municipal Corporation. Taxes would be payable in according to the rates fixed under Section 148 of the Act on the basis of annual value. According to this Act, the taxes are payable with the rates fixed under section 148 of the Act based on the yearly amount. Rebates shall be admissible in annual value and payable taxes in according with the provisions prescribed in the Act. Following the provisions in this Act, the deductions shall be admissible in annual value and payable taxes.