After Water tax, GVMC hikes Property Tax

Taxes raised by 50 percent rise; Left and TDP opposes the move

GVMC Office, February 11, 2010

Close to the heels of increase in water tax, the GVMC hiked property tax for all categories of assessments. Mayor, P Janaradhana Rao announced after a lengthy discussion and amid a sit-in protest by Opposition at the GVMC meeting on Thursday, that the hike for residential assessments would be capped at fifty percent of the prevailing tax while it would be forty percent for non residential buildings above 25 years of age and fifty percent for those below it. An additional revenue of Rs.20 crore is expected due to increase.

Earlier, members wanted the corporation to get the grants due from the State Government, realize arrears from the corporate sector and caught in legal wrangles. All the members wanted the GVMC to get taxes from Gangavaram port that got a waiver from the State Government. Members disputed authorities saying that no revision was taken up after 1993 and said at Gajuwaka it was revised in 2002, the merged villages in 2006 and for non-residential properties in 2007. GVMC Commissioner, VN Vishnu expressed the hope that Rs.40 crore assigned revenue from the State Government would be realized by March 31.

Deputy Commissioner (Revenue) in charge K Ramesh said that a total Rs.59 crores was in arrears including Rs.27 crores from the Steel Plant pending before the court, Rs.10 crores from the State and Central Government offices, Rs.15 crores caught in litigation. The property tax demand for half year from 113 major and medium industrial units was Rs.8.18 crores and the total outstanding amount from the units for the past 10 years was Rs.43 crores and the Steel Plant alone owed Rs.40 crores.

On January 6, 2010, GVMC Greater Visakhapatnam Municipal Corporation Budget 2010-11 presented">presented its budget which indeed showed the Corporation is in financial crunch.


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