Summary:
We are against increasing the general property tax rates and have turned down the proposal to reduce the water tax rates.”He added that they were thinking of assessing the property tax rates on the basis of ready reckoner rates for the commercial-rented properties. Kolhapur: Corporators are going to discuss the issue of property tax on commercially-rented properties with various organisations on Wednesday.In the meantime, the corporators could not take a firm decision over the tax proposals tabled by the civic administration in the general body meeting held on Monday. The civic administration will face loss of around Rs 7 crore if the tax rates are reduced.Jayant Patil, senior corporator, said, “The deficit in the revenue collection after reducing the tax rates cannot be met by increasing other taxes. Mayor Sarita More immediately announced the next GB meet to take place on Wednesday.The corporators are under pressure of several traders and commerce associations from the city to bring down the property tax for commercial rented properties. The decision was taken unanimously and corporators suggested to transfer the amount to the families immediately.