Corporation to review house tax taxing pattern:
Jalgaon city municipal corporation has announced revision of existing taxing pattern for collection of house taxes in city. The proposed tax system is on basis of capital investment value percentage to that of existing possible rental value system. Corporation general body is meeting to discuss this important change in taxing pattern on Wednesday, 19th January. If this pattern is approved, it would likely raise taxes in city by around 4-5%. Proposed capital investment value would be on basis of official land value added with construction cost and then certain percentage of this as house tax. Proposed implementation has raised questions in Citizens mind whether Corporation is administrative unit or a business which always looks foray for collecting max from citizens may it be any possible area of taxing.
Corporation right from municipal council stage has one strange rule. This rule clause suggest levying of fixed fees if an existing shop owner in its owned complexes transfer/ sale his block to other person. This levy fees is in range of Rs. 25,000 to 100,000 just for transferring the unit titles. In spite of heavy fees, it takes more than 3-4 months for admin to get this request approved from its general body. As a result of this strange trade profit alike tax collection practise, many a Corporation owned complexes still have older owners name reflected in its records to that of existing owners. If corporation could someway utilise its admin to think on practical grounds, it would win citizens confidence and even earn good taxes to come out of huge debt burden.
Jalgaon city municipal corporation has announced revision of existing taxing pattern for collection of house taxes in city. The proposed tax system is on basis of capital investment value percentage to that of existing possible rental value system. Corporation general body is meeting to discuss this important change in taxing pattern on Wednesday, 19th January. If this pattern is approved, it would likely raise taxes in city by around 4-5%. Proposed capital investment value would be on basis of official land value added with construction cost and then certain percentage of this as house tax. Proposed implementation has raised questions in Citizens mind whether Corporation is administrative unit or a business which always looks foray for collecting max from citizens may it be any possible area of taxing.
Corporation right from municipal council stage has one strange rule. This rule clause suggest levying of fixed fees if an existing shop owner in its owned complexes transfer/ sale his block to other person. This levy fees is in range of Rs. 25,000 to 100,000 just for transferring the unit titles. In spite of heavy fees, it takes more than 3-4 months for admin to get this request approved from its general body. As a result of this strange trade profit alike tax collection practise, many a Corporation owned complexes still have older owners name reflected in its records to that of existing owners. If corporation could someway utilise its admin to think on practical grounds, it would win citizens confidence and even earn good taxes to come out of huge debt burden.
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