CHANDIGARH: As the two month (April and May) rebate period has ended on May 31, municipal corporation (MC), Chandigarh has received Rs 46.57 crore in property tax from both commercial and residential properties of the city. The received amount is quite significant for the authority, especially as the civic body has estimated Rs 80 crore from the property tax collection for the current financial year.
Buoyed by the response, recently Chandigarh administration had extended the rebate period till July 31. Owners of the residential properties will get 20% rebate over the total tax amount, while commercial properties will be able to avail 10% rebate, if they pay their amount till July 31. After that, they will have to pay 25% penalty over the entire amount and subsequently also have to pay 12% interest on the same.
