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LMC mulls pvt agency for house tax assessment

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The Times of India                23.04.2013

LMC mulls pvt agency for house tax assessment

LUCKNOW: Lucknow Nagar Nigam is considering handing over the task of house assessment to a private agency to improve the efficiency and transparency of the process.

This would be on the pattern of Delhi's municipal corporation. The corporation has got a proposal from an agency which would take 8% of the user collection charges from LMC.

LMC sets a target to collect around Rs 150- 300 crore as house tax annually. This year, it could achieve only around Rs 100 crore. The private agency claims it would scale up the house tax amount up to Rs 200 crore every year.

It was felt that during the assessment, many residential and commercial structures were left out from the tax net because of manpower shortage in LMC.

As a result, LMC is considering to hand over the assessment of house tax, which is a major source of revenue, to a private party to increase the collection amount.
Last Updated on Tuesday, 23 April 2013 11:44