The Brihanmumbai Municipal Corporation collected Rs. 500 crore as property tax in the past 26 days. The team of civic body is making property tax assessment since 1st March and asking the city residents to pay the tax on time as they aim to collect the target of Rs.5,439 crore. The civic body officials said this sudden increase is because the citizens are making the payment of property tax in the last month of financial year.
One of the officials said that till February-end the tax collection was Rs. 3,860 crores but the amount reached to Rs. 4,350 Crores in the past 26 days. However, we are still lagging behind 1,000 crores from the target and will try the level best to meet the same.
The collection of property tax is the biggest source of revenue collection for the civic body following the development charges that come from its development plan department. However, till 2017, BMC was generating the highest revenue from octroi although it was abolished and replaced with the Goods and Service Tax.
The Brihanmumbai Municipal Corporation took stringent action against 27 properties and most of them are commercial such as water supplies that is being discontinued or attachment notices being served, for tax default. These properties comprise of industrial premises, builders’ offices, private enterprises and commercial buildings.
One of the officials said that the civic body has decided to auction five properties. These properties owe approximately Rs. 14 crore to BMC and the attachment notices have been sent to other 13 properties. The BMC has to recover Rs. 37 crore from these properties.
The disconnection of water supply to nine other properties has been proposed.
In the recent time, the Brihanmumbai Municipal Corporation also served an attachment notice to Parel’s Cyrstal Tower where four people died in a fire accident in August 2018. The NOC [No-Objection Certificate] is yet to be given to four flats in the area and they are still waiting for the power supply.
The BEST [Brihanmumbai Electric Supply and Transport] also discontinued the power supply to four more meters over non-payment of dues.