civic-mail
GHMC announces One-time scheme offer for property taxpayers
The Greater Hyderabad Municipal Corporation (GHMC) has announced a one-time settlement (OTS) scheme for property tax owners, offering a 90% waiver on accumulated interest arrears. To avail this scheme, property owners need to pay the principal amount of their tax dues up to the financial year 2024-25. This scheme, designed to reduce the burden on taxpayers, applies to both residential and commercial properties within GHMC limits. Even those who have already paid their dues with interest and penalties up to March 2025 will be eligible for a 90% adjustment of the interest and penalty paid against their future property tax payments. The scheme aims to address the significant outstanding property taxes of Rs. 10,000 crore, including Rs. 3,000 crore in arrears and Rs. 7,000 crore in interest, from the remaining 6.80 lakh property owners out of a total of 19.50 lakh. Surprisingly, even government-owned properties have accumulated arrears of Rs. 5,500 crore. To facilitate this scheme, the GHMC will be holding the Property Tax Parishkaram program every Saturday from March 8 to March 29 at all GHMC circle offices.07:14 PM Mar 08, 2025 IST