Jump in property tax collection in Kerala
The increase in tax collection is being attributed to the 5% reduction in taxes offered to those paying taxes in the first month of the year as well as the digitisation of the tax collection process through the implementation of the K-Smart (Kerala Solutions for Managing Administrative Reformation and Transformation) platform.
The biggest jump of 135% in tax collection was in the Corporations. While the property tax collection in the Corporations was ₹18.48 crore in April 2024, the same was ₹43.46 crore in April this year. In the municipalities, the tax collection increased by 100% from ₹18.25 crore to ₹36.53 crore compared to April last year. In the grama panchayats, there was a 50% increase in tax collection from ₹30.09 crore to ₹44.99 crore.
Early payment
The Local Self-Government department had this year announced a 5% reduction for those who pay their taxes in the first month of the financial year as a measure to incentivise early tax payment. This would also allow the local bodies to have more funds for developmental activities in the earlier part of the year. A large part of the property tax collection used to happen towards the fag end of the financial year until recently. Through the 5% reduction, the government has foregone a total of ₹4.74 crore.
A change in this scenario began with the introduction of K-SMART in urban local bodies two years ago and in grama panchayats this year. The Corporations which were having an abysmal tax collection of just 22.35% in 2022-23 improved its collections drastically to 56.20% in 2024-25, with the total collection increasing from ₹305.03 crore to ₹618.42 crore. In the case of municipalities, the tax collection increased from 39.28% in 2022-23 to 64.37% in 2024-25 from ₹318.32 crore to ₹603.96 crore.
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