HYDERABAD: THE Greater Hyderabad Municipal Corporation (GHMC), before the end of the 2020-21 Financial Year on Wednesday, collected property tax dues to the tune of Rs 1,647.66 crore, while the target was Rs 1,900 crore. The tax dues collected for the year is 86 per cent of the target.
During the Financial Year 2019-20, the corporation collected Rs 1357.12 crore. After the government considered the financial difficulties people encountered during the Covid-induced lockdown, they extended the deadline to pay property tax dues and arrears for the year 2019-20 by three months without penalties, till June 2019.
There are about 16.92 lakh properties within the GHMC limits, of which 13.50 lakh are residential structures. This year, 12.11 lakh property holders paid the tax. Whereas last year, only 10.50 lakh paid the tax. To ensure that taxes are paid on time, this year the corporation came up with the Early Bird Scheme. The civic body also conducted widespread door-to-door campaigns to remind people to pay their taxes. Followed by this, the corporation also started a one-time settlement (OTS) scheme. It offered a 90 per cent rebate on arrears and accumulated interest if the arrears are cleared by the property owners at one go.
Civic body collected Rs 1,647 cr in FY 2020-21
During FY 2019-20, the corporation collected Rs 1357.12 crore as tax. After the govt considered the financial difficulties during the lockdown, it extended the deadline to pay property tax dues by three months