Mysuru civic body collects over ₹150 crore property tax in April-May 2025

MYSURU: The Mysuru City Corporation (MCC) collected an impressive Rs 150 crore plus in property tax within the first two months of the 2025–26 financial year. The collection was boosted by a 5% rebate offered to property owners. This amount represents over 63.3% of the annual target of Rs 237 crore set for the current fiscal year, which runs from April 1, 2025, to March 31, 2026. The rebate of 5% is extended till June 30.

The city has approximately 2.25 lakh registered properties, of which 1.95 lakh are revenue-generating. Spread across nine zones and 65 wards, these properties form the primary base for property tax collection, which remains MCC's single largest source of revenue alongside the water cess.

In the past two fiscal years, MCC collected Rs 183.82 crore against a target of Rs 214.55 crore in 2023–24, and Rs 210.03 crore against a target of Rs 251.41 crore in 2024–25. This year, with the current momentum, MCC is on track to potentially exceed its target.

Speaking to TOI, Shaikh Tanveer Asif, commissioner, Mysuru City Corporation, said: "It's a record collection in just two months." The success is a result of coordinated efforts across all nine zones. Crossing Rs 150 crore so early will significantly enhance our ability to provide improved civic amenities to Mysuru's citizens, he said.

He also urged remaining property owners to take advantage of the 5% rebate, which remains available until the end of the month. "If you don't pay property tax, there is no way out. Corporation will collect tax, hence the people should not delay in paying property tax. They should make use of the five percent rebate and pay the tax at the earliest. The revenue from property tax plays a crucial role in taking up the projects within the corporation limits," the commissioner added.

The MCC continues to prioritise efficient tax collection as the backbone of its financial planning and civic development strategy.