The deadline for this half year ended on September 30.&nbsp;The city corporation collected ₹696 crore in property taxes for this half of the year. In the second half of last year, the collection stood at ₹403 crore. During this period, the collection of profession tax has also risen by ₹9 crore to ₹246 crore.
"The revision is the primary reason for the rise. But the trend has also been to see an increase in property tax collection every half year," said a official senior corporation Other than making QR codes and other digital payment modes available to the public,&nbsp;the city corporation recently set up special counters to clarify property tax-related doubts. It also tied up with banks to provide cashback offers and gift vouchers for timely tax payment.
The property tax revision came into effect from April 1.&nbsp;The estimated property tax revenue for 2022-2023 was pegged at ₹800 crore in the city corporation budget this year, and officials expected the numbers to go up by ₹500-600 crore in the revised estimates. The civic body may be on track to reach its projected property tax collection.
So far, about 6.90 lakh property owners paid the tax while 6.25 lakh are yet to pay it, as per data from the corporation. Of the 12,300 petitions received against the property taxes fixed by the corporation, about 10,000 have been resolved.

Property tax collection rises by ₹293 cr

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.