The Telangana government with an eye on The Greater Hyderabad Municipal Corporation (GHMC) elections, has announced a 50% rebate in property tax for residential property owners in the state. The rebate will be applicable for the current financial year (2020-2021) as a one-time relief to owners. The tax rebate was announced at the time of elections might be announced to GHMC soon.
The Telangana government with an eye on The Greater Hyderabad Municipal Corporation (GHMC) elections, has announced a 50% rebate in property tax for residential property owners in the state. The rebate will be applicable for the current financial year (2020-2021) as a one-time relief to owners.
Property owners, who have been paying property tax up to Rs 15,000 annually in GHMC limits and up to Rs 10,000 in other municipalities and corporations, would be eligible to avail of the benefit. The decision would benefit nearly 13.81 lakh property owners in Greater Hyderabad limits.
Municipal administration minister KT Rama Rao announced tax relief as a Diwali gift on Saturday. “Property owners who have already paid their property tax this year, their amount (50% balance) will be adjusted in the next financial year i.e 2021-2022 automatically,” KT Rama Rao said.
The municipal administration department in it is ordered (GO No. 611) on property tax waiver said Covid-19 pandemic and consequent nationwide lockdown from March to July has resulted in an overall slowdown of the economy, which has impacted everyone in some way or the other. “The situation got aggravated during the recent heavy rains and inundation in parts of Hyderabad and nearby municipalities. Families belonging to low and middle-income strata have been particularly affected,” the government said in the GO.
The amount of residential property tax waived would be reimbursed to urban local bodies and GHMC by the state.
The tax rebate was announced at the time of elections might be announced to GHMC soon. The State Election Commission (SEC) has already started arrangements for polls and the notification is expected in a week.
Govt raised sanitation staff’s wages
During the last GHMC elections held in 2016 too, the Telangana government had announced property tax relief to residential property owners. Those who had been paying up to Rs 1,000 tax a year were asked to pay just a nominal tax of Rs 101. This rebate is being availed by 1.33 lakh property owners in Greater Hyderabad. The government has also enhanced salaries to sanitation workers from Rs 14,500 to Rs 17,500. It said the salaries were increased recognising their services during a pandemic. With the government`s decision, as many as 18,550 workers get the benefit.
