In October 2020, the KMC administered a tax waiver scheme to make up for the revenue loss from property tax. However, this applies to those who received the KMC property tax bill for the fiscal year 2019-20 by 31st March 2020.
According to this scheme, a taxpayer clearing dues by 28th February 2021, is eligible for 100% waive-off of the interest and penalty. If you pay within March and May 2021, there will be a waiver of 60% and 99% rebate on penalties.
But, to avail of this scheme, one has to apply by 31st January 2020. Collection of applications will take place in the tax collection centers of KMC, in headquarters and online mode. As per the recent data, the tax department received around 7000 applications as of January 2021. (1)
Therefore, with this guide, you can pay KMC property tax annually without any hassle.