Civic body to send info on how it will calculate your property tax
Soon, you will receive detailed information from the civic body about the property you own in Mumbai. The details include those factors that determine the property tax under the new capital value-based property tax system.mumbai Updated: Jun 04, 2012 01:33 IST
Soon, you will receive detailed information from the civic body about the property you own in Mumbai. The details include those factors that determine the property tax under the new capital value-based property tax system.
Last month, the Brihanmumbai Municipal Corporation’s standing committee cleared the new taxation proposal, which shifts the calculation of tax from the rateable value system to the capital value system. The proposal is yet to be placed in the civic general body.
Addressing citizens at a public meeting on capital value-based property tax, joint municipal commissioner SS Shinde said: “Once the proposal gets a final nod from the civic general body, every flat owner will be sent details such as user category, nature of the building, floor number, etc., those that will determine the capital value of the property.”
The meeting was organised by citizen groups - H West Federation, Wake Up Bandra and Advanced Locality Management and Networking Action Committee, Chembur - to bring clarity on the new tax regime.
“If citizens find fault in the BMC’s data on properties, they can write to us within 21 days. It will help citizens verify the information with the BMC before it fixes the capital value of properties,” Shinde said.
The BMC will also send Mumbaiites details on how their property tax will be calculated.
Citizens demanded that the BMC make amendments to the proposal when it goes for debate in the civic general body meeting, such as reducing tax rates for buildings with electric substation, not hiking tax as per floor rise and not charging residents with retrospective effect from 2010, as planned.
Standing committee chairman Rahul Shewale, who was present at the meeting, said: “The standing committee took citizens’ feedback into account even when the proposal was passed. Suggestions will be incorporated again when the proposal is placed in the general body.”