Visakhapatnam civic body collects ₹620 crore in property tax for FY26

Greater Visakhapatnam Municipal Corporation (GVMC) achieved a significant 22% increase in property and vacant land tax collection, reaching Rs 620 crore for 2025-26. This surge, driven by expanded tax bases and focused vacant land assessments, surpassed initial targets. Enhanced administrative efforts and a 50% interest waiver also contributed to the impressive revenue growth.

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