HYDERABAD: GHMC has netted a record property tax collection for 2016-17 by collecting Rs 1,242 crore up to Friday, which may further increase by another Rs 10 crore or above till midnight of March 31. The civic body had collected Rs 1025.45 crore for the year 2015-16.
The remarkable progress in the collection of property tax in 2016-17 is a result of various initiatives including the early bird scheme in April, lucky draw scheme in May, June and December, Tsunami Survey of above Rs 1 lakh non-residential properties, reverification of below Rs 1,200 properties, GHMC commissioner B Janardhan Reddy said.
As many as 1,74,656 tax payers under GHMC limits paid their property taxes amounting to Rs 146.74 crore when demonetisation was announced. Of this, 9,860 had not paid their property tax for more than two years.
Janardhan Reddy said that through lucky draw scheme announced in May 2016, the civic body collected Rs 30 crore in May 2016. The scheme was extended till June 2016.
GHMC was the first civic body in the country to announce lucky draw scheme for online property tax payers to encourage cashless transactions in December 2016.