Coimbatore corporation collects property tax up to Rs 72.52 crore
Just few days left for the end of the financial year and the Coimbatore Corporation is striving hard to collect the property tax.
As per reports, the Corporation has issued notices to all the bill collectors to serve demand notices to all the tax payers and ensure that the tax is paid before the deadline for the current financial year.
As per an official, the Corporation had aimed to collect more tax when compared to last year by ensuring that all the assesses paid the tax. Further more the Corporation also has introduced an e-payment facility last year to ensure that the tax payers have no difficulty in paying their taxes.
The Corporation has also tied up with many banks and their branches who will accept money to be credited in Corporation’s account. The official further stated that a large number of officers are monitoring the situation on a daily basis. Until last week, the Corporation has collected 70 percent of the current demand. This 70 percent translates up to Rs. 72.52 crore.
Corporation was supposed to collect Rs. 140 crore to Rs. 36.52 crore through property tax arrears with an additional of Rs. 103 crore for the present term. Out of the five zones, the Central Zone had the maximum collection of Rs. 24.73 crore. The South Zone had the least collection as the assesses had paid only Rs. 6.96 crore. The property tax plays a major role for the civic body as it accounts more than 53 percent of its total amount of Rs. 191 crore.
Talking about the water charges, the income generated as water charges has been accounted up to Rs. 25 crore followed by D&O License, non-tax, miscellaneous and professional tax of Rs.1.50 crore, 10 crore, Rs. 10 crore and Rs. 30 crore respectively. There were warnings by the Corporation for the defaulters of water tax payment and people who ignores it will be deprived of the water connection. The civic body will send a reminder for the top defaulters too.
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