Property tax collection rises but worrying trends emerge - News Summed Up

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Property tax collection rises but worrying trends emerge


This accounts for 75% of the property tax collection in the period between April 1 and August 20, 2017, compared to 66% last year. The marginal increase in the property tax collection, rising discontent among residents and the unusual dip in collection through online mode are worrying civic officials. However, the civic body is yet to announce any initiative to improve tax collection or revise rates. However, a study by the local body has pointed to the gradual reduction in property tax collection across the country owing to other indirect taxes. Many residents have started demanding the civic body stop the collection of property tax.


Source: The Hindu August 21, 2017 02:15 UTC



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