After assessment of basic amenities, rental values of buildings
The Corporation Standing Committee on Taxation and Finance will carry out an assessment of the basic amenities and the rental values of buildings in different parts of the five newly added wards in the city before recommending the property tax rates for the areas which were previously under different local bodies.
The five new wards were created following the merger of the Tiruverumbur town panchayat and the Pappakurichi, Ellakudi, Keezha Kalkandarkottai and Alathur panchayats, all in the eastern suburb of the city, with the corporation following delimitation some months ago. The wards, 61 to 65, are spread over the Golden Rock and Ariyamangalam zones in the city.
According to sources, there are an estimated 10,000 tax assessments in the five wards. For the current financial year, the corporation has been collecting the property tax dues from the residents of these wards at the rates fixed by the town panchayat and village panchayats.
Meanwhile, the corporation has begun the exercise of fixing the tax rates for properties in the five wards even as the property tax rates in the city are set for a revision next financial year.
Though the new wards are not likely to contribute for a major increase in the property tax revenue for the corporation, the civic body stands to gain substantial revenue from layout and building plan approvals.
At a recent meeting convened by Corporation Commissioner V.P.Thandapani with zonal chairpersons and members of the Taxation and Finance Committee, it was decided that the committee members would make an on-the-spot assessment of the civic amenities at the wards before recommending the tax rates.
The tax rates would be fixed for different areas based on the civic amenities available.
Sources indicated that a section of elected representatives favour fixing the lowest tax slabs, at the existing C and D slabs that exist in city, as civic amenities in the new wards require considerable improvement.
However, a decision is to be taken after the committee completes its assessment and gives its recommendation to the corporation council, which would ultimately fix the tax rates.