The municipal corporation has collected Rs 7.51 crore from property tax during the first month of the rebate period, starting April 1. The authority has given a rebate period of two months, April and May, during which owners of residential property will get 20% off and those of commercial properties will get 10%.
After that, if property owners fail to pay the tax amount, they will have to pay a 25% penalty over the entire amount and subsequently will also have to pay 12% interest on it.
Of the Rs 7.51 crore received, Rs 4.47 crore have come from residential properties and Rs 3.04 crore from the commercial. The residential property owners came out in big numbers to pay the tax as compared to commercial.
“People are using multiple modes to make property tax payments and we are hoping that more and more people will come forward in the second month of the rebate period too. The department has been receiving queries and simultaneously resolving them to facilitate people,” sources said.
Since residential properties in the colonies and commercial properties in the villages have also been included in the tax ambit, the authority is trying to send the bills to first-timers as early as possible, so that they can pay on time. “The help of additional staff from other departments has also been taken to distribute the bills,” sources added. As around 15,000 residential units from the colonies have been added in the financial year, the number of properties has increased to 1.29 lakh from the earlier around 1.14 lakh. Out of these, around 29,000 properties falling in the tax ambit are commercial, while all remaining one lakh are residential.