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Indian Real Estate News : Kolkata
Salt Lake residents to get self assessment property tax forms
Source: The Times of India, Kolkata Oct 25, 2011
Taking a step towards the introduction of new property tax rates, Bidhannagar Municipality will start dispatching self-assessment forms to Salt Lake residents from November. Residents have not been paying taxes ever since the Supreme Court turned down the erstwhile Left-run municipality’s proposal to hike property tax.

The civic authorities recently held a chairman-in-council (CIC) meeting to discuss the issue. 'We will start sending self-assessment forms to residents and hold a meeting with all councillors before imposing new rates,' said municipality chairperson Krisna Chakraborty.

In the forms, tax payers will have to provide information on how many floors their houses have, the floor area ratio, whether any additional floors have been built and whether the floors have mozaic or marble stone.

In the last few years, several new residential houses have come up and many residents have constructed additional floors. But there has been no assessment of property in the township. The civic body wants to complete fresh assessment of all properties by the year-end so that a proper tax structure could be in place. The re-assessment will not only address anomalies in the old tax structure, it will also take into account the change in character of several buildings. Not only have many residential buildings turned commercial, several houses have new floors.

The civic body hopes to earn Rs 12 crore from property tax this fiscal and is also trying to collect over Rs 15 crore from the central and state government offices located in the township.

Some residents, however, are questioning whether such a move will help the civic body sort out the dispute.

"Several legal obstacles are pending and need to be settled before coming out with a new tax structure. It is not exactly clear how the civic body is trying to sort out the problem. We will be able to comment on this once we get back the self assessment forms," said Bidhannagar Welfare Association general secretary Kumar Shankar Sadhu. The civic authorities are also mulling a tax waiver scheme and are discussing the options with legal experts. "We do not want to burden residents with a very high tax amount," Chakraborty said. According to civic officials, residents will benefit if the waiver scheme is introduced as most have not paid tax since 2007 following the apex court's verdict.

Tag: kolkata real estate, property tax
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