Hyderabad: In order to enhance revenues for the second half of the year, the Greater Hyderabad Municipal Corporation has decided to form special task force teams to mop up Rs 1,800 crore in property tax during the current financial year.
The corporation’s focus is Rajendranagar, LB Nagar and Uppal. The corporation has already enhanced the number of properties assessed to 47,644 this year against 39,084 last year. The target is to collect Rs 200 crore from peripheral areas and Rs 150 crore in Chandrayangutta, Charminar and Falaknuma.
According to sources, the corporation has decided to constitute special task force teams in the Charminar zone, where it hopes to collect Rs 100 crore from commercial establishments after reassessing them. The corporation has decided to re-verify all commercial establishments in Chandrayangutta, Charminar and Falaknuma and bring new structures into the property tax net in Rajendranagar.
In August, the civic body prepared a list of assessments to be re-verified and notified 2,199 structures whose annual property tax was between Rs 3 lakh and Rs 5 lakh. These alone will generate about Rs 200 crore.
A senior GHMC official said the corporation had enhanced property tax collection of structures whose annual property tax is between Rs 1,200 and Rs 2 lakh. He said that the corporation had collected Rs 40 crore and has garnered Rs 20 crore by re-verifying assessments between Rs 2 lakh and Rs 3 lakh.
“As per the instructions of higher authorities, the corporation has fixed the target of Rs 1,800 crore to cater to the needs of ongoing infrastructure projects and regular maintenance works. The corporation will not only re-assess the under-assessed properties but also bring all new structures in the peripheral circles into the tax net,” the official added.
The corporation has collected `817.19 crore to date and has to collect Rs 982.81 crore in the next six months.
Officials claimed that the corporation by the end of the year will ensure that 13,57,765 lakh residential properties, 2,06,582 non-residential properties and 27,429 mixed properties are assessed and taxed.
Against the target of Rs 1,500 crore the
corporation has collected Rs 1,401 crore in property tax during financial year 2018-19. It has identified 47,644 new assessments during the previous financial year and as of now it has brought 39,048 assessments into the tax net.