Summary:
Most of the sealed properties were commercials ones.The civic body has initiated action against property tax defaulters, whose arrears amount to Rs 1 lakh and above.According to the property tax department, there are 143 property tax defaulters with arrears of over one lakh rupees. KOLHAPUR: The Kolhapur Municipal Corporation (KMC) sealed eight properties in the last two days for failure of the owners to pay property tax . The KMC has floated a scheme to waive 50% of the fine imposed against the non-payment of the tax over property owners. The property tax is the most important source of revenue for the KMC to carry out development works. There are around 12 owners with property tax dues more than Rs 5 lakh..