VMC proposes hike in Property tax and new Environment Tax
January 28, 2023
Baroda: Vadodara Municipal Corporation (VMC), in its budget 2023-24 on Friday, proposed to increase the annual property tax to ₹20 per sq m from ₹16 per sq m. The civic body also plans to impose a new environmental tax.
For Non-residential properties, a hike of ₹5 per sq m is proposed in the existing ₹30 per sq m.
The Vadodara civic body has presented its biggest-ever budget of ₹ 4761 crore. If approved, the Envionmal tax will generate a revenue of about ₹4 crores.
Commissioner of VMC Banncha Nidhi Pani told the media that the proposed hike in property tax will generate additional income of ₹70 crores for the civic body. DeshGujarat
Recent Stories
- Diwali Food Safety Drive: AMC Seals Two Units, Fines Four Outlets ₹40,000
- HDFC Bank Gets Govt Nod to Offer Deposits Under Capital Gains Accounts Scheme
- GSSSB Announces Recruitment for 1,237 Class-3 Posts; Applications Open on November 5
- AMC to Hike Parking Fees; Proposed New Rates Here
- Mumbai Mayor Ritu Tawde Meets Gujarat CM Bhupendra Patel
- Holiday Inn Resort to Come Up in Sasan Gir