Jalandhar: Property tax defaulters to pay more with every passing month | punjab | Hindustan Times
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Jalandhar: Property tax defaulters to pay more with every passing month

The Municipal Corporation Jalandhar (MCJ) is all set to come heavily against property tax defaulters, while making it clear that an interest rate of 1.5% will add up every month in addition to the fixed 20% penalty on the total amount.

punjab Updated: May 19, 2015 19:55 IST
Nitindra Bandyopadhyay
Jalandhar

Property-tax

The Municipal Corporation Jalandhar (MCJ) is all set to come heavily against property tax defaulters, while making it clear that an interest rate of 1.5% will add up every month in addition to the fixed 20% penalty on the total amount.

If a property owner fails to pay tax before the deadline a penalty of 20% will be levied on the total amount which will have to be paid with an interest of 1.5% in the first month. Likewise, 1.5% will add up every month.

Those who did not submit their property tax till in the 2013-14 fiscal may have to shell out as much as 41% extra if they submit their property tax in the month of May. If they do not pay their dues till end of the next fiscal in 2016, the amount with 20% penalty will add up to 56%.

The MC has prepared a list of 2.5 lakh properties in the city, of which 1 lakh property owners have been exempted from paying tax on various grounds as per the new notification issued by the state government for the 2014-15 fiscal.

MC commissioner Gurpreet Khehra said, “We have collected around Rs 16 crore as property tax from 45,000 property owners in the city. Around 1 lakh defaulters owning private and commercial properties have not paid their property tax.”

“We have already started a crackdown on the defaulters and sealed few commercial properties as this is the big source of revenue generation for the MC. However, not a single defaulter will be spared. We have initiated the process if geo-tagging of properties and once it is done we will crack whip on every defaulter.”

The MC is planning to collect around Rs 25 crore from defaulters. The new notification has given the civic body power to seal properties whose owners fail to pay their dues.

“There are people who have already started paying their property tax for the year 2015-16 for which the deadline is March 2016. This shows that people are happy with the new property tax regime. This has also helped us carrying out development works in the city. The defaulters will be dealt with strictly this time as we are getting a good response from the public,” mayor Sunil Jyoti said.

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