AMC-Civic body will now start issuing notices to property owners whose taxes exceed Rs 50,000

The AMC’s revenue department has sealed 2,751 properties located in various zones in the first 11 days of this month for the non-payment of property tax exceeding Rs 1 lakh.

Notice has been issued regarding the recovery of taxes by the department. Sealing of the properties of owners whose pending taxes exceed Rs 50,000 will start by the civic body.

Jainik Vakil, the chairman of the AMC’s revenue committee said, “From February 1 to 11 we have sealed 2,751 properties in the city whose pending tax amount exceeds Rs 1 lakh. In the February 1-14 period, we have recovered about Rs 51.74 crore in pending taxes which is Rs 31.6 crore higher than our tax collection in the same period last year.”

Vakil also said that the the civic body will now start issuing notices to property owners whose taxes exceed Rs 50,000 and the department has also introduced an interest rebate scheme to reward property owners who pay their taxes early.

Under this scheme, people who will pay their property tax in January 2022 will get 80% tax interest rebate for residential properties and 60% rebate for non-residential properties. Those who will pay their tax in February will get 75% tax interest rebate for residential properties and 55% for non-residential properties and those who will pay their taxes in March will get 70% interest rebate for residential and 50% for non-residential properties.

Vakil said, “It is better to take benefit of this scheme and pay your taxes instead of getting your properties sealed. Tax payers whose properties are located in chawls and slums will continue getting 100% tax interest rebate if they pay their taxes in the January-March period.”