If you have any grouse against the new proposed property tax regime by the civic body, it's time to speak up.
The civic body's announcement inviting suggestions and objections by citizens against the new formula of the capital value based property tax system, has received only three objections in the past 12 days.
There's just another fortnight for citizens to raise objections, after which the new system will be valid and there will no room for change. The new property tax will be applied with retrospective effect from April 1, 2010.
The BMC is not yet ready to roll out the tax because it is surveying the buildings to work out different rates for different areas. Once this exercise is over, the civic body can start sending out property bills as per new rates.
The BMC has also asked citizens to provide suggestions and objections on their website or at their ward offices or head office within a stipulated period of 30 days, from October 18 to November 16.
"To know about the draft rules for fixing capital value-based property tax, one can buy documents from the local ward office for Rs 10 or get it on the website www.mcgm. gov.in but we have received only three letters from citizens, that's far below expectations,” said RB Dalvi, deputy assessor and collector, BMC.
The civic body has kept ready 400 copies of the draft in Marathi and English in all 24 ward offices, but there have been no takers yet.
The new system of property tax had met with many protests when it was announced. An officer from the property tax department, on condition of anonymity said, "People will raise questions only after they receive new property tax bills . But they should understand this is the time to record suggestions and objections,” he added.
Earlier, property tax was computed on the basis of rent amount paid by tenants.
Rents for old buildings in south Mumbai were frozen at amounts that existed in the 1940s. As a result citizens in suburbs were paying higher property rates than those in the island city.
The new property tax will now be based on the property's current market value as well as weightage of values of five other factors like area of flat, age of building, usage of land, type of construction, etc.
For instance, if you stay in a high-rise and have several amenities, you will have to shell out more in property tax. But, an old building will get considerable relief.