HYDERABAD: In a one-time concession, the government on Sunday waived interest on arrears of property tax of previous years and also for current financial year in all municipalities and municipal corporations, including Greater Hyderabad Municipal Corporation, in state.
The government issued a GO, Ms 138 dated March 25, 2012, waiving interest on property tax. But it laid down the condition that the waiver can be availed only if the tax arrears are paid in one lumpsum or in instalments by March 31.
It directed the civic bodies to adjust interest, if already paid against property tax payments for the next financial year. No cash refund will be given. In Greater Hyderabad, 9 to 9.5 lakh owners have paid tax, of whom 6.5 lakh have paid it along with interest