Hyderabad: The stage is set for a hike in property tax in urban areas after a gap of 14 years. The proposal had been pending with the state government since January 2015 but was kept on hold due to elections to local bodies.
With the elections now over, the government has initiated the process to revise property tax. Municipal administration minister K.T. Rama Rao has called a meeting with chairmen and commissioners of municipal corporations and municipalities here on Monday to discuss and finalise the tax proposals.
Official sources said the hike would be in the range of 10 to 30 per cent and would vary in corporations and municipalities. The hike became imminent after all the local bodies brought to the notice of the government that they could no longer sustain themselves with the existing revenues. The decision to increase salaries for sanitation and other staff had compounded their financial woes. The hike will first come into force in the 35 urban bodies, since a hike was effected in 31 new nagar panchayats in April 2015.
