Property Tax Likely To Increase In Hyderabad

The Greater Hyderabad Municipal Corporation (GHMC) is likely to revise property tax that will impact 21 lakh residential and commercial taxpayers in the city. The property tax rate has remained unchanged in the city for over 15 years for residential properties and for over 11 years for commercial properties. The move is aimed at generating revenues for the liquidity-strapped GHMC. Property tax is one of the highest contributors to the corporation’s revenues.

According to a report published in The New Indian Express, the GHMC as against its target of Rs 1,500 crore for the financial year 2018-19, it was able to collect Rs 745 crore between April 1 and December 13 this year. The remaining Rs 755 crore needs to be collected in the next three months.

Have yet to pay you property tax? Here is how to do it online:

• Logon to https://ptghmconlinepayment.cgg.gov.in/PtOnlinePayment.do
• Enter your Property Tax Identification Number or PTIN to check property tax dues.
• Click on the Know Your Property Tax Dues tab. The search result then displayed will have details of the property such as door number, PTIN, and the amount of property tax that you need to pay.
• Then choose the mode of payment (Debit/Credit Card or Net Banking)
• Click Submit.
• Enter the card details, including card number, expiry date and the CVV number. Fill in the tax amount, too.
• Click Pay to generate OTP. Once the payment is successful a confirmation notification will be sent to your email or phone number.