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Taxation

‘Govt. move on town panchayats will not impact property tax rates’

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The Hindu       28.11.2014  

‘Govt. move on town panchayats will not impact property tax rates’

With the State government revising upwards the classification of 528 town panchayats on the basis of average annual income after 21 years, officials say the move will not have any impact on property tax rates.

The officials say the new classification will only lead to an increase in the size of the operations of the local bodies and better amenities to residents. The need for a higher level of supervision will be recognised, creating the scope for stepping up the strength of manpower.

Notification

As per a notification issued by the Municipal Administration and Water Supply Department last week, the ceiling of average annual income had been changed from Rs. 4 lakh to Rs. 50 lakh for grade-II town panchayats; Rs. 8 lakh to Rs. 1 crore for grade-I and Rs. 16 lakh to Rs. 2 crore for selection grade. In the case of annual income exceeding Rs. 2 crore (previously Rs. 20 lakh), such town panchayats would be assigned special grade.

The break-up of town panchayats as per the revised classification is: special grade-78; selection grade-275; grade I-166 and grade II-nine.

The review of town panchayats would be made once in five years.

 

City to get 161 tax payment centres

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The Hindu        13.11.2014 

City to get 161 tax payment centres

Come December 1, a total of 161 integrated centres where residents can pay both property and water taxes will come up across the city.

These centres will come up in existing division offices of the Corporation and depot offices of Metrowater.

Tie-up with bank

The facility is the result of an agreement between the two civic agencies and ING Vysya Bank, and is aimed at making the process easy for citizens.

ING Vysya Bank will sponsor manpower at the centres, which will remain open from 8 a.m. to 3 p.m. Payment of property tax can be made by cheque or DD.

Receipts on the spot

Officials said receipts for the payment would be provided at the centres itself.

The existing system of property tax collection has various modes of payment, including facilitation counters in the city’s 15 zones and at Ripon Buildings, walk-in counters at 400 bank branches, door-to-door collection by tax collectors and online payment.

With a target of Rs. 600 crore, the civic body may exceed its property tax collection target this year.

Councillor S.M.K. Mohammad Ali Jinnah said the new centres would help residents in areas that are not near zonal offices.

The Corporation’s online system of property tax collection has been disrupted a number of times because of problems in its electronic data processing cell.

Residents will be able to pay both water and property taxes at the integrated centres that will be open from 8 a.m. to 3 p.m.

 

New advisory board on urban local bodies’ taxes

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The Hindu        06.11.2014  

New advisory board on urban local bodies’ taxes

With the State Property Tax Board Act coming into effect from Saturday (November 1), the decks have been cleared for the early formation of a board to assist and guide urban local bodies (ULBs) in the assessment and revision of property tax.

To be headed by an officer of the rank of Secretary, the board will, among others, make a comparative analysis of the tax rates across the ULBs.

Though the Assembly adopted the Bill in May last year, the government issued a notification only on October 31 this year. The decision to constitute such a board was based on the recommendation of the 13th Finance Commission, which also laid it as one of the preconditions for getting the performance grant to local bodies.

Apart from the Commissioner of Municipal Administration, the board will have Chennai Corporation Commissioner and Director of Town Panchayats as members. The government can also nominate three persons, having knowledge and experience in the field of valuation of properties and taxation on the board.

The government notification came only on October 31 this year

 


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