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BMC gives property tax defaulters one last chance to pay dues

BMC says will give defaulters 15 days’ time to pay taxes, failing which process to auction attached properties will start in April

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Property tax defaulters owe a whopping Rs 15,000 crore, as per BMC. Representation pic

Property tax defaulters owe a whopping Rs 15,000 crore, as per BMC. Representation pic

The BMC will give the last chance to property tax defaulters, whose properties were attached last year, to pay the dues within 15 days from receiving notice, failing which their assets will be auctioned. The civic body has attached more than 11,000 properties including open plots, commercial and residential spaces as well as valuable machine equipment and one helicopter. Property tax is a major source of income for the BMC. Last year the civic body collected Rs 3,735.05 crore  against its estimate of Rs 5,016.19 crore revenue from property tax. 

Officials from the Brihanmumbai Municipal Corporation’s Assessment and Collection Department said that the defaulters owe a whopping Rs 15,000 crore and that the civic body has attached a total of 11,661 properties last year, including 5,821 open plots, buildings, commercial and residential places. An official added that the process to auction these properties were taken up last year due to the Covid-19 pandemic, but it will start after the end of this financial year.

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