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Offers Impact: Property Tax Target To Be Missed
Jubilee Hills and Khairatabad circles, which collect the most every year, saw the lowest revenue this year.
N
Nishanth Kumar
Hyderabad
Mon Mar 14 2022
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GHMC is likely to miss the property tax collections target. While the authorities have set a revenue target of Rs 2,000 crore for the current financial year, it will be difficult to reach by the end of this month. With another eighteen days to go, only Rs 1,295 crore has been collected so far. Sources say it will be difficult to reach the target no matter how much is collected by the end of this year.


GHMC announces an offer and implements schemes to maximize revenue when revenue is drastically declining. With this, citizens are paying property tax only when there are offers. Habituated to the offers, people are not coming forward to pay in the usual time. Over one hundred crore revenue is generated every month during the schemes. In some months, it goes up to Rs 200 crore per month. 


Huge collections were registered during the Early bird Scheme in April and May last year, followed by the One Time Scheme (OTS) from August to November 15. This time too, the citizens are looking forward to the offers. In Falaknuma, Charminar, Chandrayangutta, and Santosh Nagar circles in the Old City, tax collection is usually very low every year. The collections got doubled last year. Rs 54.34 crore was collected last year even during Corona and only Rs. 34 crore so far this year. 


Jubilee Hills and Khairatabad circles, which collect the most every year, saw the lowest revenue this year. In Serilingampally Circle alone, last year it was Rs 167 crore and this year it is Rs 173 crore. All other circles recorded less than last year. Bill collectors play a key role in property tax collection. The pressure from superiors is high on them. There are currently 380 bill collectors. They collect 40 percent of the property tax coming to the corporation every year. Doubling their number is likely to bring in more revenue. But the superiors did not increase them.


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Offers Impact: Property Tax Target To Be Missed
Offers Impact: Property Tax Target To Be Missed
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