According to the decision, the city dwellers will have to apply for reviewing their taxes and a review committee will fix affordable rates.
The RCC also offered a ten percent cut in the holding taxes for those who will pay off taxes within three months from the beginning of the fiscal year.
The decision was taken at a general meeting of the city corporation held at Rajshahi City Bhaban with Mayor AHM Khairuzzaman Liton in the chair.
"We had raised the holding taxes, aiming at providing better services for the citizens. We did not finalise the new taxes. So, there is scope for review.
The mayor asked RCC officials concerned to issue tax notices on the citizens as early as possible so that they can avail themselves of the tax cut offer.
Meanwhile, the RCC fixed new rates of holding taxes from this fiscal dividing the residential and business establishments into three different categories.
Discontent has been brewing up among the citizens since the tax raise and the citizens in small numbers are gathering at the City Bhaban almost daily complaining about it.