Mumbai: Pay your property tax on time, avail of early incentive scheme | mumbai | Hindustan Times
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Mumbai: Pay your property tax on time, avail of early incentive scheme

mumbai Updated: May 05, 2015 22:40 IST
Laxman Singh
Laxman Singh
Hindustan Times
property tax

To encourage citizens to pay their property tax at the earliest, the Brihanmumbai Municipal Corporation (BMC) is set to start its ‘Early Bird Scheme’ for this year.

The BMC issues two bills of property tax – one for the April-September period and the second, for the October-March period.

Under the ‘Early Bird Scheme’, the civic body will offer citizens 2% concession on the first instalment if it’s paid before June 30 and a 4% rebate if the second instalment is paid before July 31.

This means, citizens can avail of 3% rebate on an average, if they pay both the bills before the deadlines. But if both the instalments are paid in July before the deadline, then taxpayers will get only a 1% rebate on an average.

However, under this scheme, those who do not have any outstanding amount against their names are eligible for rebate.

“The purpose of this scheme is to reward citizens who have been paying their taxes on time,” said a senior civic official from the assessor and collector department.

Last year, the BMC had introduced a similar scheme offering 1% to 3% concessions on the total amount. “Last year, we had given a total rebate of Rs6 crore to those who paid their tax early. More than 50,000 people had availed of the scheme. In two months, we collected nearly Rs350 crore,” said the official.

This year too, the civic body plans to continue with the same scheme in June and July. “The proposal on the same is ready and will soon be sent to the standing committee for its approval. Further details can be divulged once the proposal is passed,” said Ramesh Arote, assessor and collector, BMC.