MCC collects Rs. 42.47 crores as property tax for the assessment Year 2023-24
Chandigarh, May 31, 2023: The Municipal Corporation Chandigarh collected over Rs. 42.47 crores as Property Tax for the Assessment Year 2023-24, during the rebate period, for which the timeline ended today.
The property tax amount has been collected from both commercial and residential properties of the city beautiful.
As per the records, a total amount of Rs. 42.47 crores was collected up to 31st May 2023 from 80520 assesses. A total of Rs. 26.89 crores have been collected from 16185 commercial properties and Rs. 12.56 crores have been collected from residential properties.
Total of Rs. 1.07 crores have been collected from book entries and 1.95 crores have been collected as garbage charges.Major receipts of the current year's collection are on the properties of PGI-0.88 crores, Punjab University-1.00 crores, Chandigarh Admn-1.38 crores.
The MCC had calculated property tax for the assessment year 2023-24 under clause 2 (ix) of the MC property Bye-laws 2003 under the Self Assessment Scheme and notice issued for the collection of property tax dues from 1.42 lacs assesses from which 80520 have paid their statutory dues of property tax.
Now the rebate period has ended on 31st May 2023 and the owners of properties who have failed to deposit their dues shall invite a 25% penalty and interest @ 12% per annum from the date of issue of the bill to the date of actual payment.
In addition to that, action will be initiated in order to recover the arrears under section 138 of the Municipal Corporation Act.