PMC Aims to Generate Rs 245 Crore through Auction of Sealed Properties
The civic administration of the municipality is grappling with a significant revenue shortfall in property tax collection. Their target for the current fiscal year, ending in March 2024, is to collect Rs 2,300 crore in property taxes. However, by the end of July, only Rs 1,300 crore had been collected. The situation worsened in August and September, where the civic body could only manage to collect around Rs 100 crore. To address this shortfall, the administration has devised a plan to auction properties belonging to errant taxpayers who have not paid their dues, with the aim of generating approximately Rs 245 crore in revenue. These auctions will be carried out in phases after thorough legal scrutiny.
However, this move has faced criticism from citizens' groups, such as Sajag Nagrik Manch, who argue that the administration's amnesty scheme for tax defaulters is sending a discouraging message and unfairly favoring those who haven't paid their dues. They believe that diligent taxpayers have not received any additional respite, while defaulters are benefiting from discounts. The concern extends to the perception that the administration is not taking strong action against major defaulters, which has further exacerbated the revenue challenges. Additionally, the PMC is seeking to bolster its income by imposing property taxes on properties owned by the Metro rail authority, which is expected to contribute around Rs 20 crore annually. Despite these measures, the PMC faces the formidable task of recovering Rs 8,000 crore from tax defaulters, including those related to mobile towers and large entities like industries, commercial complexes, IT parks, and hospitals.
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