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Lucknow civic body extends deadline, now pay property tax by September 30, Real Estate News, ET RealEstate

Lucknow civic body extends deadline, now pay property tax by September 30, Real Estate News, ET RealEstate
LUCKNOW: About 3.5 lakh house owners have got a big relief in terms of paying property tax. Lucknow Municipal Corporation has extended the last date for depositing house tax with 10% concession to September 30.

The decision was taken by mayor Sanyukta Bhatia to provide relief to families affected due to Covid-19. According to officials, LMC gives concession of up to 10% till August 31 every year.

As per LMC records, the civic body has so far collected Rs 122 crore from over 2.3 lakh owners, while more than 3.5 lakh property owners are yet to pay taxes.

LMC had kept a target of Rs 300 crore collection for the year but has failed to collect even 50% of the target with six months passing by. However, civic officials are confident that LMC will achieve its tax collection target before March 31, 2022.

“The remaining 3.5 lakh property owners can submit the bill with 10% discount this month. The decision has been taken to provide some ease to families which are facing financial crisis owing to Covid-19 lockdown,” said mayor Sanyukta Bhatia.

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