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Sun, Feb 17, 2019 | Last Updated 7:15 pm IST

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GHMC shelving its plan to revise property tax rates

GHMC shelving its plan to revise property tax rates
GHMC shelving its plan to revise property tax rates

Hyderabad sources reported that with the GHMC shelving its plan to revise property tax rates and focus on taxing unassessed and miscellaneous properties within the tax net. Meanwhile the assessment through satellite pictures did not prove effective and the corporation has been exploring the option of hiring a private agency to assess every property in the city and submit a report.

Furthermore officials said that the revenue staff and the ground level staff were hand in glove with several property owners and had been wrongly assessing the properties. Reportedly this in turn had led to losses of more than Rs 1,000 crore in income for the civic body. Reports added senior GHMC official said that the corporation would use satellite pictures only to capture the number of properties.

GHMC shelving its plan to revise property tax rates

Moreover he said that the corporation had decided to hire a private agency, which had expertise in assessing the properties, which would inspect every property and assess them accurately. Further he said the corporation would bring all unassessed properties, including miscellaneous ones, into the tax net to reach the target. Hence the official said that the corporation had the potential to collect Rs.4,000 crore through property tax for every financial year if every property in the city was assessed accurately.

GHMC shelving its plan to revise property tax rates
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