Mumbai BMC

The property taxes in Mumbai were earlier based on the Rateable Value System. However, the Brihanmumbai Municipal Corporation (BMC) now follows the Capital Value-Based Property Assessment and Tax Calculation System. Unlike other cities, the property tax in Mumbai depends on the market value of the property. Service charges are levied as a percentage of property […]

Mumbai Property Tax is collected by the assessment and collection department of the Municipal Corporation of Greater Mumbai. Earlier the property tax was calculated by Rateable value system which was based upon the maximum rent a property can fetch in a year. But the Brihanmumbai Municipal Corporation has changed the property assessment and tax calculation […]