Mumbai’s property tax will not increase this financial year in view of Covid pandemic

There will be no hike in property tax in Mumbai this financial year in view of the Covid-19 pandemic. The state cabinet on Thursday decided to not go for property-value

Published on: Nov 6, 2020, 24:22:02 IST

By Faisal Malik, Mumbai

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There will be no hike in property tax in Mumbai this financial year in view of the Covid-19 pandemic. The state cabinet on Thursday decided to not go for property-value assessment in the city. In turn, there will be no revision in property tax during the ongoing financial year. A hike of around 17% in the property tax was expected this year. The cabinet also gave its nod to promulgate an ordinance to amend the existing law.

The civic body assesses value of properties every five years to charge property tax to citizens. The tax is being charged on capital value of the property and is based on the existing ready reckoner rates, an official said.

“People are badly affected by the Covid-19 lockdown. The assessment of property tax was expected to be conducted in 2020-21. In order to provide relief, the state has decided to postpone it for a year till 2021-22,” said Mahesh Pathak, principal secretary, urban development department.

ABOUT THE AUTHOR
Faisal Malik
Faisal Malik is a senior journalist with over two and a half decades of experience covering Maharashtra’s politics, governance and public policy with a deep understanding of the state’s political landscape. He is a Senior Assistant Editor at Hindustan Times and has been associated with its Mumbai edition for more than a decade. Based in Mumbai, Faisal currently covers three major political parties in Maharashtra — Congress, Nationalist Congress Party (NCP) and NCP (Sharad Pawar). Over the years, he has extensively reported on major political developments, combining investigative insights with in-depth field reporting. His coverage has spanned a wide range of issues, from drought, farmer suicides, major development projects and grassroots challenges to major electoral battles, including three Lok Sabha and Maharashtra Assembly elections — 2014, 2019 and 2024. Before joining Hindustan Times, he worked with ‘The Asian Age’ and ‘Dainik Bhaskar’. An avid tea enthusiast, he enjoys reading history, Urdu literature and classical poetry. When away from the newsroom, he writes Urdu poetry inspired by human emotions, life's experiences, meaningful reflections and relationships. An amateur photographer, Faisal is passionate about capturing moments that often go unnoticed by the naked eye.Read More