Major Relief for Ghaziabad Property Owners
The Ghaziabad Municipal Corporation (GMC) has announced a major extension of its property tax rebate program, offering much-needed relief to over 5.5 lakh property owners in the city. The corporation has extended the 20% rebate period by two months, allowing residents to enjoy significant savings until September 30, 2025.
Tiered Rebate Structure Through Early 2026
Sanjeev Sinha, the chief tax assessment officer, detailed the comprehensive rebate timeline. Property owners should pay close attention. After September 30, the rebate structure follows a declining pattern:
- October-November 2025: 10% rebate on property tax payments
- December-January 2026: 5% rebate for early settlement
- Post-March 2026: No rebate for penalties
Revenue Collection Amid Ongoing Disputes
This extension comes during heightened tensions over property tax hikes that have sparked protests from residents and councillors. The municipal body aims to collect 80% of the state's ambitious Rs 600 crore target for the fiscal year 2025-26. GMC’s decision reflects both taxpayer concerns and the pressing need to maximise revenue collection during this critical period.
Strategic Benefits for Property Investors
Real estate stakeholders should see this as a chance to clear outstanding dues while securing maximum savings. The 20% rebate offers substantial cost relief, especially beneficial for investors managing multiple properties or those planning secondary market transactions requiring clean title documentation.