Tag: Property tax

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Chandigarh Property Tax Defaulters to Receive Recovery Notices Soon

CHANDIGARH: Property tax defaulters in the city should brace themselves for recovery notices, including penalties and interest, expected to be dispatched by the end of this month or early next month, as the civic body initiates the compilation of defaulter lists. Individuals who have not paid their property tax within the designated two-month period will incur a 25% penalty, plus 12% interest on the total tax amount. As the tax branch finalizes the data on taxpayers, sources indicate that there will be a prioritized focus on collecting dues from defaulters. Separate lists for residential and commercial defaulters will be generated,…

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Chandigarh Civic Body Collects ₹61 Crore in Property Tax Rebate

CHANDIGARH: The Chandigarh municipal corporation has achieved a record collection of ₹61 crore in property tax during the two-month rebate period from April to May, marking the highest amount collected in this timeframe. The rebate scheme concluded on May 31. Taxpayers who failed to meet the deadline will incur a 25% penalty in addition to 12% interest on the outstanding amount. Out of the total collection, ₹37.21 crore originated from commercial properties, while residential units contributed ₹23.79 crore, according to municipal records. This represents an increase from the previous year’s collection of ₹59.94 crore in the same period. Of approximately…

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Pay Property Tax by May 31 to Get Rebate: Chandigarh Civic Body

CHANDIGARH: The municipal corporation made a final appeal on Saturday to all residential and commercial property owners to pay their property tax by May 31 — the deadline for availing rebates during the current assessment period. Property owners are entitled to a 20% rebate on residential property tax and a 10% rebate on commercial property tax if paid by the deadline. Municipal Commissioner Amit Kumar encouraged taxpayers to either use the online payment system or visit Sampark centres to settle their dues and benefit from the rebates. He emphasized that timely payments not only save money but also facilitate the…

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Rajkot collects ₹152 crore in advance taxes in 40 days

RAJKOT: The Rajkot Municipal Corporation (RMC) has successfully collected Rs 153 crore in advance property and water taxes for the financial year 2026-27 within just 40 days. As of May 18, 2.43 lakh taxpayers have settled their dues since the tax collection initiative started on April 7. The RMC’s total tax collection for the last financial year was Rs 448 crore. Digital payments have taken the lead in tax collection, with 1.86 lakh citizens choosing to pay online, bringing in Rs 111.21 crore. In contrast, 57,731 taxpayers opted for traditional payment methods, contributing Rs 42 crore through cheques and cash.…

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Nagpur Civic Body Targets ₹749 Crore Property Tax for FY27

NAGPUR: The Nagpur Municipal Corporation (NMC) has set a property tax collection target of ₹749.82 crore for 2026-27. However, a significant discrepancy in its figures has emerged — ₹1,392 crore in arrears has been excluded from the recovery plan. Data obtained by TOI reveals that the total property tax arrears amount to ₹1,919 crore, but the NMC has only incorporated ₹526.85 crore — just 27% of the entire backlog — in this year’s recovery target. The exclusion of ₹1,392 crore greatly reduces the scope of the initiative. Senior officials have stated that arrears from government properties, mobile towers, and ongoing…

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Chandigarh Can Now Impose Fire Tax on Buildings

CHANDIGARH: The Chandigarh administration is now authorized to impose a fire tax or cess on buildings that pay property tax within the municipal corporation, following the extension of the Haryana Fire and Emergency Services Act, 2022, to Chandigarh. The fire tax will be calculated as a percentage of the property tax, with rates to be determined by the administration periodically. This initiative is part of a significant update to Chandigarh’s fire safety framework, replacing the previously enforced Delhi Fire Prevention and Fire Safety Act of 1986. The updated framework extends the validity of fire safety certificates (FSCs) from three to…

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Hubballi-Dharwad extends 5% property tax rebate to May-end

HUBBALLI: The Hubballi-Dharwad Municipal Corporation (HDMC) has extended the 5% property tax rebate through the end of May due to lower-than-expected collections following a delayed start to the payment initiative. The collection process, which was set to kick off on April 1, began instead on April 7. Initially, the rebate was available for taxpayers who paid their dues for the fiscal year 2026-27 by April 30. However, as collections remained disappointing, the rebate period has now been prolonged until May 31. HDMC has established a property tax collection target of Rs 235 crore for 2026-27, with just Rs 90 crore…

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Property tax dues at ₹2,000 crore: One-third of Nagpur’s budget

NAGPUR: The Nagpur Municipal Corporation (NMC) is grappling with Rs1,919 crore in unpaid property taxes, highlighting significant revenue recovery issues, with 4.54 lakh properties currently defaulting on payments—some for over 25 years. This unpaid tax represents almost one-third of NMC’s proposed budget of Rs5,857 crore for the fiscal year 2026-27. The magnitude of this default isn’t simply a recent occurrence; it reflects a long-standing systemic issue. Data indicates that Rs1,227 crore, approximately 64% of the total arrears, comes from properties that have neglected their taxes for 11 to 25 years. An additional Rs473 crore is owed by defaulters from the…

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Belagavi civic body raises ₹18 crore in 20 days’ tax collection

BELAGAVI: The Belagavi City Corporation (BMC) has seen a promising start in its property tax collections for the current financial year, amassing Rs 18.12 crore from April 1 to April 20, thanks to a 5% early payment rebate. This strong collection in just 20 days significantly enhances the corporation’s revenue base at the year’s outset. Officials anticipate that collections will accelerate through the end of April, as they typically spike in the final week of the month. The 5% rebate is available from April 1 to 30, encouraging taxpayers to settle their dues promptly. Civic officials have observed a noticeable…

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Bengaluru: City Corporations Can Buy Properties for Tax Recovery

BENGALURU: As property tax defaulters continue to disregard multiple notices and auction alerts, the Greater Bengaluru Authority (GBA) is considering a new strategy. Officials are looking into the option of municipal corporations buying these properties at their guidance value to recoup overdue taxes. In the past, legal actions such as issuing demand notices, seizing properties, and conducting public auctions have been implemented to recover debts. However, despite these efforts, few property owners opted to comply, and auctions often attracted no bidders, resulting in unmet revenue expectations. Consequently, authorities are now contemplating the direct acquisition of properties as a last resort.…