For the third consecutive financial year, GHMC fell short of its property tax target – this time by 16%. The civic body has earned 1,681.72 crore till March 31 and fell short of achieving the 2,000 crore target. It, however, raked in 67.72 crore on the last day of the 2022-23 fiscal.
However, overall property tax collection was more than last year by 10%. The civic body has assessed 13.53 lakh properties across the city, 7% more compared to 2021-22.
In the 2022-23 fiscal, the self-assessment option assisted in increasing the tax collection as 57.13% of property owners used the digital method. In terms of fund collection, bill collectors managed to bring in 790 crore from over three lakh property tax identification number to GHMC’s coffers. 1.31 lakh property owners paid through MeeSeva centres and rest at Citizen Service Centres.
Data shows Serilingampally circle contributed highest towards the tax collection with 245 crore, followed by Jubilee Hills 200 crore and Khairatabad 181 crore. When it comes to zone-wise performance, Charminar zone ranks worst, achieving 71.43% of its target, followed by Khairatabad (74.46%), Secunderabad (79.67%), Serilingampally (88.7%), Kukatpally (95.65%) and LB Nagar (98.8%). Officials had conducted a drive against tax defaulters in March-end by issuing red notices to them. “We have achieved over 80% of target,” official said.