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GHMC losing 4K crore yearly
A detailed survey carried out by Jawaharlal Nehru Technological University, Hyderabad (JNTU-H) has revealed that the GHMC has been losing Rs 4,000 crore revenue every year in the form of property tax as 80 per cent of the properties are either unassessed or under-assessed.
UNDER-ASSESSMENT OF PROPERTY TAX
Hyderabad: A detailed survey carried out by Jawaharlal Nehru Technological University, Hyderabad (JNTU-H) has revealed that the GHMC has been losing Rs 4,000 crore revenue every year in the form of property tax as 80 per cent of the properties are either unassessed or under-assessed.
According to an official, the JNTU took up a demarcation exercise by constituting several dockets and conducted an extensive survey regarding property tax assessment. It submitted a 56-column report to M T Krishna Babu, when he was the Commissioner, based on which the civic body released a gazette and also revised property tax rates. However, GHMC had not implemented it for eight long years, the official said.
The official said the rates for property tax would be different for residential and commercial properties in different locations in the city. For instance, he added, the rate of property tax for commercial properties including hospitals and hotels was Rs 15 to Rs 20 per sq ft and Rs 2 to Rs 10 per sq ft for residential property in the Banjara Hills area.
The official further said the property owners in order to minimise their property tax had been submitting false occupancy certificates by excluding common areas of the property. The official also said property owners were found influencing respective officials at the circle level and zonal levels to indulge in false assessment of their respective properties.
About 14 lakh properties in the city have been divided into three categories A, B and C. The properties adjacent to the main road fall under the category A, properties in internal roads under B category and properties in by lanes in C category. The official went on to say that property owners through political pressure had made officials to include their property under B category, if it was falling under A, and C category if it fell under B.
The official felt that due to lack of clarity in guidelines of property tax assessment, the tax payer has been indulging in such fake assessments. Effective methods like geo-tagging would put an end to such false assessments by property tax payers in the city. Replying to query on non-implementation of the JNTU report, the official said it was the responsibility of the Mayor and the Standing Committee. "So far, no one has shown any interest in it," he said.
