Summary:
Hence, a proposal has been put forward to the GB which has been called on Tuesday.It would have been the first property tax hike since March 2011 when the tax calculation basis was shifted to ready reckoner rates, if the property tax would have been raised.When contacted civic chief Abhijeet Choudhary said, “We have not raised the property tax rate. The chairman finalises the annual budget and presents it before the GB meeting.Sharangdhar Deshmukh, senior corporator and standing committee chairman, said that it will be unfair to decide the tax hike by the standing committee members. KOLHAPUR: The standing committee of the Kolhapur Municipal Corporation (KMC) on Friday decided to keep the property tax rates unchanged for the upcoming financial year.The committee is considered as the major financial decision-making forum of the KMC. However, new properties are required to be included in the tax net to improve the revenue of the corporation. Big projects are sanctioned first by the panel and then required to get approval of the general body..