With Punjab governor and Chandigarh administrator V P Singh Badnore clearing the proposal, now the owners of both residential and commercial properties will be able to pay their taxes for the current financial year with rebate till July 31, said an official on Friday.
According to him, residential properties will be able to avail 20% rebate and commercial properties 10% on their taxes up to July 31, after which they will have to pay 25% penalty and 12% interest on the tax amount.
“Property tax bills will be sent by post and we have tied up with the postal department for the purpose. Every property owner will get bill at their doorstep. Since employees of the tax branch have been coming regularly for the past almost one month, printing of bills has been completed,” the MC official said.