Hyderabad, Dec. 25 -- The Greater Hyderabad Municipal Corporation (GHMC) has announced a 'One-Time Scheme' for property tax defaulters, offering a waiver of 90 percent on accumulated interest on property tax. Under this scheme, defaulters can clear the principal amount of property tax dues along with 10 percent of arrears interest on accumulated arrears in a single payment, GHMC Commissioner RV Karnan said in a statement here.
The scheme applies to all properties, including private and government properties, within the GHMC limits under the 'One Time Scheme' (OTS) for the financial year 2025-26, he said.
"All the taxpayers of GHMC including the newly merged 27 ULBs in GHMC have to pay 10 percent of arrears interest on accumulated arrears ...