HindustanTimes Sun,21 Dec 2014

No property tax hike for 81% of homes in Mumbai

Poorvi Kulkarni, Hindustan Times  Mumbai, February 03, 2013
First Published: 01:27 IST(3/2/2013) | Last Updated: 01:30 IST(3/2/2013)

Even as clamour grows over implementation of the new capital value-based property tax system, which leads to inflated bills, records with the Brihanmumbai Municipal Corporation (BMC) show that 81% of the residential properties in Mumbai are unaffected by the system.


In fact, for 27% of these residential properties, the tax bills have reduced as compared to the old rateable value-based system.

Owners of these properties, mostly new buildings in the suburbs, can seek refund from the civic body for the excess tax they have paid under the old system for the past three years.

The change in system has affected only 19% residential properties in the city, with many residents of old buildings and island city having to pay more tax.

“To make an application for refund, citizens can submit the ECS form to the local ward office,” said Rajiv Jalota, additional municipal commissioner. “The new system aims to rationalise tax across the city and bring parity in tax collection.”

The BMC will also adjust the additional tax paid in the subsequent bills.

“For citizens who do not wish to apply for refund now, the amount will be adjusted in their next year’s bills,” a senior official from the BMC’s assessment and collection department said.

more from Mumbai

Flab-trap: Cosmetic surgery post weight loss on the rise

IT professional, Anita*, 51, was ecstatic when she lost 15 kg in just five months. But, the sudden weight loss had ended up making her look much older. Last month, she borrowed money from friends to get a facelift at a clinic in Bandra. “I was tired of looking fat. My marriage and work life were being affected and that’s when I decided to lose weight. I nearly starved and lost all the extra kilos but I ended up looking much older,” said Anita, who spent Rs75,000 on the cosmetic procedure.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved