धारा 146 · The Local Rate

(1) Except as hereinafter provided, all land shall be subject to payment of a rate to be called 'the local rate' at the rate of twenty-five passe per rupee of its annual value. (2) The State Government may, by notification- (a) exempt any land or any class of land from the levy of the local rate; or (b) in respect of the whole or any part of the area subject to the authority of a Panchayat Samiti, abolish or reduce or on the recommendation of the Panchayat Samiti increase the local rate.