By Accommodation Times News Service
The New Delhi Municipal Council property tax collection has gone up by 33%. In 2012-13 the civic agency collected Rs 435crore as property tax compared to Rs 325crore the year before. NDMC attributes the jump to the crackdown on defaulters and a shift in tax assessment. The agency introduced Unit Area Method for property tax assessment in 2007 many properties had not made the switch. One of the official we attaché the bank accounts of several properties on which taxes had not been paid for while. Also the HC has allowed NDMC to asses the tax based on UAM and recovers the dues. For the first time we have seen a jump of Rs. 110crore.
Off the 12,000 odd property tax payers in NDMC areas officials says close to 9,000 have switched to the new method of tax assessment. Big properties, government buildings and corporate office, adoption of the new method has also boosted revenue , NDMC plans to intensify its drive against property tax defaulters.