Kolhapur: Corporators are going to discuss the issue of property tax on commercially-rented properties with various organisations on Wednesday.In the meantime, the corporators could not take a firm decision over the tax proposals tabled by the civic administration in the general body meeting held on Monday. The GB meet was adjourned to protest against the attack on CRPF jawans took place recently. Mayor Sarita More immediately announced the next GB meet to take place on Wednesday.The corporators are under pressure of several traders and commerce associations from the city to bring down the property tax for commercial rented properties. The civic administration will face loss of around Rs 7 crore if the tax rates are reduced.Jayant Patil, senior corporator, said, “The deficit in the revenue collection after reducing the tax rates cannot be met by increasing other taxes. We are against increasing the general property tax rates and have turned down the proposal to reduce the water tax rates.”He added that they were thinking of assessing the property tax rates on the basis of ready reckoner rates for the commercial-rented properties. At present, the tax rate on commercially-rented properties is around 70% of the rent paid by the firms to the owners and most of the owners do not pay tax owing to high tax rates, he said.The civic administration has maintained that the decision on the tax proposals needs to be taken before February 20 so that they can draft the budget estimates for the next financial year on time.The corporators maintained that they are ready to accept the tax proposals with some riders and the civic administration has to accept the suggestions. However, it is unlikely that the civic administration will allow the tax reduction and refer the suggestion of the corporators to the state government.Corporators to donate a month’s salary to kin of slain CRPF jawans: Corporators paid tribute to the jawans slain of Pulwama attack. Each corporator will pay Rs 10,000 to the families of the jawans. The decision was taken unanimously and corporators suggested to transfer the amount to the families immediately

Stay updated with all the Latest Kolhapur headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.