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MangaluruResidents of Mangaluru city are shocked to know that property tax Under the Self-Assessment System (SAS) of taxation Mangaluru Municipal Corporation (MCC) has increased significantly.
As per an amendment, the wealth tax under SAS should be calculated on the basis of the prevailing guidance value of the property. However, the MCC continued to collect tax as per the previous guidance value, despite the government amending the rules in this regard two years ago.
In fact, all other municipal corporations in the state have started assessing property tax as per the latest guidance value by implementing the guidelines of the government.
Recently, the MCC started the implementation of the amendment and started assessing property tax as per the latest guidance value.
Till recently, the civic body was collecting property tax on the basis of guidance value prevailing in the city about 15 years ago.
The tax was increased by 15% every three years. However, the implementation of the revised tax assessment as per the latest guidance value has resulted in a huge increase in tax – up to 70% of the existing amount – for many. However in some cases, the tax amount will be less depending on the guidance value of the property.
Naveen D’Souza, leader of the opposition in the MCC council, told STOI that even when the tax is calculated on the basis of guidance value, those who have vacant space in the city will have to pay a huge amount under SAS.
“Even a family property that remains vacant will attract a hefty amount of property tax if calculated as per the latest guidance value, which is Rs 15 lakh (average) in many parts of the city. The Congress corporators will raise the issue during the MCC council meeting.
BJP corporator Premanand Shetty, chief whip of the ruling party in the MCC council, said the municipal corporation would look into options to reduce property tax. “We will bring changes in the property tax assessment system so that people do not suffer,” he said.
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