Suggestions sought on property tax hike

A resolution has been passed at the Corporation Council on Saturday to publish the revision notification in the government gazette and newspapers for public opinion. “Suggestions and objections will be incorporated in the final notification, which would be ratified by passing another resolution in the Council,” an official said.

The resolution clarified that the property tax rate for the buildings will be assessed based on the age of the buildings. For the buildings constructed before March 1997, the civic body will give a 10 per cent rebate in total property tax and a 6 per cent rebate to the buildings constructed between April 1997 and March 2007.

Moreover, a 3 per cent rebate will be given to buildings constructed between April 2007 and March 2017. No rebate for the buildings constructed after April 2017.

Before Mayor R Priya started budget announcement, ADMK councillors demanded the Mayor allow discussion on the property tax hike. But Priya refused to allow time for the discussion.