Palike to collect property tax dues

The Palike has identified 3.5 lakh such properties and issued notices to 1.25 lakh property owners so far, said P N Sadashiva, chairperson, the Taxation and Finance Committee.

The Palike could garner Rs 1,050 crore from property tax collection this year, which is Rs 350 crore higher than the previous year. But the Palike is still short of Rs 450 crore to meet the target of Rs 1,500 crore set for the current financial year.

“By April-end we will be in a position to accumulate at least Rs 500 crore, including property tax for the next fiscal, garbage cess and arrears of the previous years,” Sadashiva said.

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