3rd Apr,2012: Greater Hyderabad Municipal Corporation (GHMC) had set a target of Rs. 752crore from 12,40,257 properties towards the property tax in this financial year 2011-12. Despite of their efforts like interest waiver on arrears and sending red notices to defaulters, only 11,88,379 property owners have come forward to pay the tax, which accounted to Rs. 634 crore, including the state government’s Rs. 20 crore towards its properties and Industrial Areas Local Authority (IALAs) payment of Rs. 13.88 crore.
However, this year’s collection is Rs. 135 crore more than that of 2010-11 that had only Rs. 494 crore. According to the officials, this increase is due to the enhancement of property tax for commercial establishments and 25% property tax penalties levied on unauthorised buildings.
Highest collection of Rs. 167 crore was from the Circle 10, which includes commercial and costly areas like Banjara Hills, Jubilee Hills, Ameerpet, Punjagutta and Khairatabad. The lowest collection was from the Rajendrangar municipal circle with Rs 7.74 crore.
Zonal wise collections are as following: GHMC Central Zone – Rs. 277 crore, East Zone – Rs. 70 crore, West Zone – Rs. 113 crore and North Zone – Rs. 94 crore.
GHMC is likely to get another Rs. 30 to 40 crore in April as the state government has extended the waiver of interest on property tax arrears till April 30. Keeping this in mind GHMC has set a target of Rs. 1,000 crore property tax for the current financial year 2012-13.
Source: Times of India