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BMC to bring in transparent property tax rules soon

Civic body aims to make new reforms more citizen-friendly, citing several loopholes in the current tax system.

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The reforms are being drafted and the new rules will be presented to the committee for approval before being implemented. Pic/Istock

The reforms are being drafted and the new rules will be presented to the committee for approval before being implemented. Pic/Istock

The Brihanmumbai Municipal Corporation (BMC) has set up a committee to reform the norms under which property taxes are charged. The BMC officials said the new rules will be to ensure maximum recovery of bills from citizens, unlike the current system where the outstanding amount increases every year.

The civic body is aiming to make the new reforms more citizen-friendly, as the current taxable system is under litigation for years and the BMC hasn't been able to recover the money. Currently, dues worth R15,000 crore are outstanding and about 70 per cent of this amount is pending, following the Capital Value system.

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