Mysore City Corporation llikely to collect 100 crore in property taxes

Q: Hello, Now that the financial year is coming to and end what is the amount of taxes that the MCC is going to collect. Do you have any idea?

Krishna gowda, Mysore

1st April 2015

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Replies (9)

Yes. The remaining will be used for other projects. The surplus budget projects revenue of Rs 15 crore from UGD maintenances cess, whose target the MCC has been able to meet this financial year.

Ruchira Ramkrishna, Mysore

4th April 2015

Comment

The MCC, however has been saying, that the same will not be repeated this year. It has said that it expects to generate over Rs 853.42 crore revenue during 2015-16 and spend Rs 848.86 crore which is a profit.

Akshat Rai, Mysore

4th April 2015

Comment

It's like failure's galore for the MCC. It has also failed to meet the target in collection of water charges where they were supposed to be collected Rs 30 crore as against the targeted Rs 40.83 crore. For 2015-16, it has revised the revenue from water charges to Rs 40 crore.

Saurabh Nair, Mysore

3rd April 2015

Comment

MCC has now estimated to collect at least Rs 100 crore as property tax during 2015-16, and Rs 15 crore as tax from revenue layouts. Last year, it could collect only Rs 3 crore of the projected Rs 7 crore from residents in revenue layouts.

Swathi Dani, Mysore

3rd April 2015

Comment

The worst part is, the collections are really declining. Unlike last three years when the property tax collection was over 90 per cent, this time it has gone down to 77.7 per cent.

Janaki Vora, Mysore

2nd April 2015

Comment

Even after all these measures, the MCC has not been able to meet the target tax collection for the 2014-15 financial year. It has collected only Rs 70 crore as property taxes as against a target of Rs 90 crore.

H. P. Ramesh, Mysore

2nd April 2015

Comment

Property taxes are the civic body's biggest revenue maker, so evidently the MCC launched special drives to collect tax while officials staged a sit-in at a hotel that had to pay dues to the MCC demanding them to pay up.

manisha kumari, Mysore

2nd April 2015

Comment

You know when contractors were miffed with the MCC back in September last year demanding clearance of dues, the civic body had said it would make the payment by focusing on revenue generation and targeted property tax collection.

Tarun Nayak, Mysore

2nd April 2015

Comment

The Mysore City Corporation will be working much harder this time around to collect property taxes of upto Rs. 100 crore in the coming fiscal year and they have set a target at that too.

Rohan Krishna, Mysore

1st April 2015

Comment