BMC wants new property tax system by year end
After more than a year of uncertainty and indecision, the Brihanmumbai Municipal Corporation (BMC) is aiming to implement the new capital value-based property tax system by the end of the year.mumbai Updated: May 27, 2011 02:00 IST
After more than a year of uncertainty and indecision, the Brihanmumbai Municipal Corporation (BMC) is aiming to implement the new capital value-based property tax system by the end of the year.
Civic officials are rushing to table the draft provisions in the civic standing committee within the next 15 days. The new system means residents in the island city will pay more property tax, while those in the suburbs may pay less than what they are paying currently, as the capital value in the island city is generally more than that in the suburbs.
After having missed the initial deadline of April 1, 2010, the BMC is now trying to make the way clear for the implementation of this new system.
Of the total 3.5 lakh properties in the city, the civic body has not yet mapped about 1.2 lakh, which is one of the reasons for the delay.
The BMC has decided to go ahead with the implementation of the new system,without mapping these properties.
“These properties consist of those which will not have any significant change in taxation. Rather than waiting for them to be mapped, we will go ahead with the implementation. We have almost completed feeding details of the 2.3 lakh properties into our specially designed software,” said additional municipal commissioner Rajeev Jalota.
“We have started sending out provisional bills based on the old system. After the committee approves, we will begin implementation in the next six months and send them revised bills.”
But, corporators say the new system may not have a smooth passage. With citizen groups and residents in the island city opposed to the new system, the ruling Shiv Sena-BJP combine, are wary of adverse reactions, especially in the election year.
Rahul Shewale, standing committee chairman, said the committee would consult citizens and present draft provisions to them, before taking any decision on this new system.
First Published: May 27, 2011 01:59 IST