Q:Hello everyone, I heard that GHMC is in great hurry to collect Rs. 1500 crores of tax overdues and will supposedly try to collect them in the next 45 days.
Latest Answer: Hello. I got to know about some of the statistics that shed light into how many have paid the taxes. Out of the 13.85 lakh properties over 7.51 lakh property's taxes have been cleared while over 6.34 property taxes have yet to be paid.
Q:Is hyderabad property tax going to be waivered? Im a prospective homebuyer in the city, so i wanted to be well-aware of the situation. So has the govt given its approval for this waiver ?
Latest Answer: Generally, the state government reimburses the property tax compensation for government buildings in the Greater Hyderabad area. For this year, the government had made a provision of Rs 40 crore in the budget for this purpose. Another Rs 6 crore is towards certain concessions given to the tax payers
