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The Hindu
The Hindu
National
Tharun Boda

VMC achieves 29% of property tax target as fiscal year draws close

The Vijayawada Municipal Corporation (VMC) has achieved only 29% of the target set for property tax collection this financial year which is coming to an end soon.

According to the Andhra Pradesh Municipal Revenue Dashboard, the VMC has set a target of collecting ₹341.74 crore tax from the property owners in the city. As of Wednesday, only ₹99.14 crore has been collected.

During the corresponding period in the 2020-21 financial year, the civic body collected ₹92.09 crore even as the year was hit by the first wave of the coronavirus pandemic. Seven percent more tax was collected this fiscal so far when compared to that of the last financial year.

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