Congress says Mumbai property tax up by 20%, slams civic body
The Maharashtra Congress on Wednesday lashed out at the Brihanmumbai Municipal Corporation (BMC) for an increase in the property tax rates in the city. The party said that tax rates were increased without revising the Capital Value System (CVS), terming the move 'a shameless loot'.Terming the tax hike as a loot and betrayal of the trust of residents, Mumbai Congress president and MP Varsha Gaikwad said that the BMC has clearly violated the Supreme Court directives with the new tax hike.advertisement"Without revising the Capital Value rules — as ordered by the Supreme Court, and without reassessing taxpayers, the BMC has started processing new property tax bills, with an unjust 13–20 per cent hike for 2025–26," she wrote in a post on X.
Gaikwad said that the Supreme Court had struck down some rules of the capital value-based system and directed the BMC to revise them, reassess taxable values from 2010/15 onwards, and refund overcharged amounts to citizens."Without doing any of this, the BMC has begun processing fresh bills with the steep, arbitrary hike — over and above the already inflated values. This is contempt of court," Gaikwad said.Property tax is one of the highest sources of revenue for the Mumbai civic body. The last property tax revision was expected in 2020 but was deferred.advertisementFormer Congress Counsellor Asif Zakaria said the property tax rates in the BMC area have increased across the city by 13 to 40 per cent with the last revision being made in 2015-16. He also announced that he would file a contempt petition against BMC for the property rate hike.'As per the High Court order, the BMC has to refund inflated property tax collected from 2010-14. This correction would lead to a 40 per cent reduction in property tax bills from 2010 to 2025. Without finalising rules and refunds, BMC has arbitrarily increased the 40 per cent tax on already inflated bills. BMC has shown no intent to follow judicial directives. Hence, we will move contempt,' he said.In 2024, the civic body decided not to implement new rates based on ready reckoner values, saying the following year would mark the completion of a full five-year cycle, making it more appropriate to apply the revised rates at that time.In the last financial year, a property tax collection of Rs 6,198.05 crore was logged, the highest ever, falling just short of its target of Rs 6,200 crore. Additionally, Rs 178.39 crore has been collected as penalty charges.Tune InMust Watch
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