The municipal administration prioritizes property and water tax recovery, crucial for addressing the challenging economic situation. The 2023-24 budget set a target of collecting 300 crore in house taxes. By the second week of February, only 186 crores had been collected, reflecting a 114 crore income shortfall.
The Municipal Corporation has initiated the Abhay Yojana to recover overdue property taxes, offering an 80 percent discount on penalties and fines. However, the property tax department warns of forfeiture proceedings if the arrears remain unpaid.
Municipal involvement acts as a preventive measure, with the tax department of the Municipal Corporation working diligently to meet the property tax goals set in the budget. To support this effort, public awareness campaigns have been initiated to encourage individuals with outstanding dues to take advantage of the benefits offered by the Abhay Yojana.
Furthermore, a 15 percent discount is available for online property tax payments within a designated timeframe. Property tax department officials have issued a warning stating that failure to pay the property taxes, despite the discounts and concessions, will lead to confiscation actions.