Hyderabad: The Greater Hyderabad Municipal Corporation has collected Rs 50 crore more in property tax in 2017 than last year. Officials said the civic body has collected Rs 808 crore property tax compared to Rs 746 crore by December last year.
A revenue official said that if the trend continued, the corporation would achieve its target of Rs 1,400 crore property tax collections for the current financial year.
As regards trade licence fee, the corporation has collected Rs 35 crore, against the overall collection under this head during financial year 2016-17 of Rs 41.87 crore. The increase of revenue from advertisements for the current year is about 74 per cent over last year.
The revenue from advertisements as on December 22 was Rs 17.24 crore as against '9.18 crore collected all of last year. Besides, the GHMC mopped up Rs 368.30 crore in April from the Early Bird Scheme through which tax payers availed a five per cent discount on the total property tax payable.
