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Dehradun civic body to decide on commercial property tax rate in a week

Posted by Urban Avenues on November 29, 2019
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Sources said that the final call on whether or not to deduct the rate of commercial tax in these wards for the current fiscal will be taken by the DMC in a week.

DEHRADUN: After taking into account the reservations of people who objected to the decision of Dehradun Municipal Corporation (DMC) imposing commercial property tax in the newly-added 40 wards of the city, the civic body on Wednesday submitted a report on the same to municipal commissioner Vinay Shankar Pandey.

Sources said that the final call on whether or not to deduct the rate of commercial tax in these wards for the current fiscal will be taken by the DMC in a week.

The decision to impose commercial property tax in the new wards was announced last month and the owners of commercial properties in these areas were given a 15-day-time period to apprise the DMC of their objections.

Several residents of these wards want that they be exempted from commercial property tax as their localities lack even the basic amenities. DMC received 68 letters objecting to imposition of the tax from residents of these wards.

Notably, the DMC has already announced that the residents of these new wards will not be charged property tax for 10 years (from the time they were added to the DMC).

“The residential properties in these new wards are exempted from paying property tax for 10 years but the commercial ones need to pay taxes,” Pandey told TOI.

According to DMC data, there are more than 5,000 commercial properties in the 40 new wards which were added last year.

The new wards are mostly located in the outer parts of Dehradun.

News Link: https://realty.economictimes.indiatimes.com/news/commercial/dehradun-civic-body-to-decide-on-commercial-property-tax-rate-in-a-week/72273981

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