Hike in Property Tax from 1st May: GHMC Commissioner

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Seems like GHMC is all set for the five year revision of property tax once again after 2007. According to the sources, GHMC commissioner told the tax officials to get prepared for the revision of property tax, during the meeting convened to review property tax status.

Hoping that Tax revision will bring more revenues, GHMC has set a target of Rs. 1,000 crore in the current financial year, 2012-13. Keeping this in view, the Commissioner asked the officials to raise demand notices for Rs. 1,200crore and also instructed them to get ready with Google maps and complete the census of block-wise residential survey in two months, starting from May 1.

According to the Municipal Corporation Act the property tax revision has to be done every five years. Since the last revision was done in 2007, one more revision has to be done in 2012-13 fiscal, as told by the commissioner.

He also added saying that as tax enhancements have political implications the tax hike will need the approval of elected body of corporators, led by the mayor. He also urged the officials to be patient to hear the suggestions and grievances of the tax payers and make them proactively understand the procedure of tax revision. He suggested distributing pamphlets with details of category-wise increase in property tax to make self-assessment easy for the property owners.

Source: Deccan Chronicle

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