Home Urban Infrastructure News Realty News Trichy Corporation plans special drives to collect property tax

    Trichy Corporation plans special drives to collect property tax

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    property tax

    The urban local body has been earning Rs 45 crore per year in two fiscals through property tax collected from 2.16 lakh assessments.

    The two fiscals cover months from April to September, and October to March. For the ongoing fiscal ending in September, civic body so far has collected around Rs 17 crore, which is about 75% of the actual revenue (Rs 22.50 crore) exclusive made through property tax.

    Though the sum collected was comparatively higher than the corresponding period of previous years, officials said that plans are under way to remind residents about the payment of property tax as well as other charges, particularly water bills.”Property tax makes 35% of our revenue besides the grants from the governments. We have planned to create awareness among residents to pay the pending taxes which could help us spend for infrastructure development,” a senior official with civic body said.

    Besides the property tax, water charges collected so far is only Rs 6.90 crore against Rs 10 crore for the fiscal ending in September, said officials.

    As the civic body on Thursday launched POS option for tax collection, officials added that plans are afoot to promote awareness on online tax payment. “Only 5% of the tax we received so far was made through online transactions. We have planned to provide pamphlets conveying step-by-step procedures online (https://tnurbanepay.tn.gov.in) among residents to pay taxes,” the senior official said.

    With marks allocated for collecting property tax in Swachh Survekshan 2019, the civic body said that tax collection drive would be initiated extensively in the next three months

    Info- https://realty.economictimes.

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