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Key Property Tax Developments Of 2016

Key Property Tax Developments Of 2016

Key Property Tax Developments Of 2016
(Wikimedia)

The regime of property tax, imposed on an immovable property such as a land, house or a commercial building, in India has witnessed some new developments all throughout 2016.

Ranging from cities going online for property tax submission to many authorities witnessing a surge in the collection of this tax the demonetisation drive launched by the government.

Also Read: Property Tax Guide For Indian Cities 

Makaaniq summaries the latest updates of the year 2016:

  • Property taxpayers in Delhi heaved a sigh of relief when standing committees of three corporations announced a 100 per cent penalty and interest waiver on payment of property tax arrears till February 28, 2017.
  • Technology entered the field of tax recovery as 2016 became witness to several municipal corporations of the country making complete use of satellite mapping and Geographic Information System (GIS). The NMMC (Navi Mumbai Municipal Corporation) successfully implemented satellite mapping for property tax recovery in Navi Mumbai, earlier this year.
  • Another Maharashtra city, Pune waived off property tax charges for war widows and former servicemen.
  • The New Delhi Municipal Corporation (NDMC) launched a new Android application, NDMC 311, for the residents of that area. The application has been built to facilitate online property tax payment, in addition to a host of other services such as payment of electricity bill and water bill, etc.
  • The Bruhat Bangalore Mahanagar Palike (BBMP) took the initiative to audit property tax records.
  • The Punjab state government decided to install cash-deposit machines at Sewa Kendras for recovering tax dues.
  • The Nagpur Municipal Corporation announced property tax exemption for ex-servicemen and families of martyrs from the Indian Army, Border Security Force, Police Service, Central Reserve Police Force and Fire Brigade.
  • Kolkata Municipal Corporation introduced a new property taxation system and undertook steps to make citizens aware of the same. The system will be based on Unit Area Assessment (UAA), that is, the citizens must now pay tax on carpet area instead of super built up area.
Last Updated: Wed Apr 12 2017

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