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Property Tax and Maintenance Charges: What to Know After Buying Land in 2026 Buying a plot or piece of land is a major financial milestone, but it's only the first step. What many buyers overlook are the ongoing costs that follow the purchase. Property tax and maintenance charges are two recurring expenses every landowner needs to plan for in 2026. Here's a complete breakdown to help you understand what to expect after you register your plot. What is Property Tax? Property tax is an annual levy collected by the local municipality or panchayat on land and buildings. Once your plot is officially registered in your name, you become liable to pay property tax based on the land's assessed value, its location, and its classification — whether residential, agricultural, or commercial. How is Property Tax Calculated? In Tamil Nadu, property tax is typically calculated based on plot size, built-up area, location, and the Annual Rental Value (ARV) system used by local bodies. Vacant ...