The Hindu                        27.02.2013

Coimbatore collects 70 per cent of property tax

Karthik Madhavan 

With only a month and couple of days left for the end of the financial year, the Coimbatore Corporation has gone full throttle to collect property tax. According to sources, it has asked all the bill collectors to serve demand notices to all the assessees and ensure that they pay the property tax for the current year and arrears, if any.

According to Commissioner in-charge S. Sivarasu, the Corporation had planned to better last year’s collection of 89 per cent by ensuring that all the assessees paid the tax. To ensure that the tax payers had no difficulty in paying the tax, the Corporation had introduced the e-payment facility last year. It had also tied up with a number of banks, branches of which would accept money to be credited to the Corporation account.

He said that he along with Assistant Commissioner Revenue M. Sundararajan and assistant revenue officers were monitoring the situation on a daily basis. As of Monday last, the Corporation had collected 70 per cent of the current demand (tax for the current year). The 70 per cent translates to Rs. 72.52 crore.

The the money the Corporation ought to collect is Rs. 140 crore – Rs. 36.52 core in property tax arrears plus Rs. 103 crore for the current term.