Summary:
The rise of 40% in property tax collection is because of this, sources said.“Our major focus is on property tax collection. The property tax department had also distributed the property tax bills to tax payers by May end. NMC administration hiked property tax rates in the range of 37% to 40% and started implementing it from the current fiscal year.The property tax department distributed the property tax bills to taxpayers by May end. The rise of 40% in property tax collection is because of this, said sources from NMC. NMC officials said increase in property tax structures led to rise in the collection of NMC.NMC’s property tax collection stood at Rs 78.39 crore in the first half of the current fiscal as against collection of Rs 55.42 crore during the corresponding period in 2017-18..