eenadu news paper 09-09-2016

In an attempt to mitigate the financial crisis, the Greater Hyderabad Municipal Corporation (GHMC) has decided to target government buildings for collecting property tax. According to official estimates, government-owned (state and Centre) buildings in the city have unpa id property tax dues to the tune of Rs 180 crore.

During a review meeting on Thursday , GHMC commissioner B Janardhan Reddy said that property tax rates for residential and commercial buildings were enhanced in 2002 and 2007 respectively.

“The matter has been placed before the state government for enhance ment of revenue but the orders are still pending. However, we are planning to improve the revenue within the available resources,“ he said.

He added that GHMC is planning to take up a re-assessment of various residential buildings and trade licence applications to boost revenue.

Presently , the civic body has 5,42,990 property tax assessees who are paying a nominal property tax of upto Rs 1,200 per year.

Recently , a survey was carried out for 60,613 households, out of which 26,219 households were inspected and their tax dues stood at a whopping Rs 14.34 crore.“Even 50% of the properties assessed can earn us around Rs 100 crore,“ he said.

eenadu news paper 09-09-2016: