Madurai and Trichy corporations offer 5% incentive on property tax

Dated on: Friday 21st April 2023

The corporations of Trichy and Madurai have provided a 5% waiver incentive of up to 5,000 for people who pay their existing property tax dues for the fiscal year (April 2023 to March 2024) before April 30. Property tax income generated by 2.3 lakh property assessments across five zones yields around 110 crore per year for Trichy Corporations. With over 53 crore accrued as arrears owing to late payments each year, the corporation has stated that residents might get 5% of their total tax demand if they make an early payment.

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