Thane Civic Body Promises to Waive Property Tax

THANE: The Thane general body on Thursday evening passed a resolution to waive off property tax for residential flats measuring up to 500 square feet.

The proposal was moved by Shiv Sena corporator Ram Repale and was seconded by party colleague Vikas Repale. The move, timed ahead of the civic elections scheduled early next year, saw minimal resistance from all party netas who supported the same.

Following majority netas supporting the proposal, mayor announced the same will now be sent to the state government for implementation. “The Shiv Sena had promised Thane residents staying in houses measuring upto 500sft of tax waiver ahead of the 2017 polls. We had tried to implement the same earlier but are now positive of getting the same implemented by the state government. Once okayed, it will provide relief to lakhs of residents,” he said.

Meanwhile, the administration said it will have to analyse the impact of the waiver, if implemented, on the civic treasury considering that a notable chunk of revenue comes from this segment. Interestingly, the House, on Thursday afternoon, had discussed the fragile financial condition of the corporation due to impact with barely Rs 7 crore available in the kitty.

A civic official said the volume of flats measuring till 500sft was notable and could possibly dent the corporation fortunes but said would wait till the approval came from the state.

Share This:

Read all Thane Real Estate Latest News

 

To Know About Thane Real Estate Development Contact Us at 022 2580 6868

Source: timesofindia.indiatimes.com