Properties in Ludhiana to be levied tax from Nov 2012
Ludhiana- Ludhiana Municipal Corporation is set to levy property tax on the residential properties of Ludhiana starting from November 15, 2012, as announced earlier.
A formal notification had been issued on November 15, 2012 which stated that property tax would be levied from the same date onwards on all the properties. In case of commercial properties, house tax will replace with property tax from April 1, 2013 onwards.
The Corporation is planning to start a physical survey of the properties across the city which will go on for two months. Joint Commissioner of Municipal Corporation requested all the residents of Ludhiana to provide all the needed information to the employees who will be coming for physical survey.
An additional provision has been made for tax payment in which residents can do self-assessment of their properties and can file online returns as well. In this regard, the civic body has started 16 online centres too. A unique identification number will be given to each property of the assessees for filing online returns.
Many cases were reported in which the ground staff was involved in misappropriations in assessing house tax. However, residents assessing their properties will have to take an oath wherein if found incorrect, they will agree to pay penalty.
The corporation has been planning to divide the city into eight property zones. The basic formula for division is that – the similar nature of properties located across different parts of the city as well will be levied the same kind of tax. The residential colonies with the same kind of standards in different areas come under this category.
As per the plan, the property tax is set to be calculated depending on the age of the building. The tax calculation would be done after two months only, but in the meantime residents themselves could calculate the tax and file returns online. Tax is applicable on the vacant plots lying in residential areas too. Commercial properties will be made to pay property tax instead of house tax from the coming financial year.
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Image courtesy of Tax Payment at FreeDigitalPhotos.net
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