The Hindu 18.12.2009
Plan to reduce property tax
Staff Reporter
MADURAI: The Corporation had recommended a “due reduction” in property tax for commercial and industrial buildings in the city. The proposal was under the consideration of the State Government, Corporation Commissioner S. Sebastine said.
The demand for the reduction was put forth by various organisations and endorsed by other forums. There was also a demand to refrain from levying excessive tax for new buildings.
The Corporation Councillors had also raised this issue, he said.
Addressing the executive committee meeting of Tamil Nadu Chamber of Commerce and Industry here on Monday, he said that the State Government was also planning to extend the Corporation limits to 117 sq. km from the present 52 square km and approval for the same was expected soon.
