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Property tax in Mumbai
Q: When is the last day of collecting property tax in Mumbai?

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Latest Answer: The proposed tax system will lead to a huge disparity between the suburbs and South Mumbai, considering residents in both regions get the same service from the municipal corporation. Also, the high property taxes for redeveloped buildings will hurt the city's redevelopment market, forcing people to move outside the city.
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How to know about RR rates in Mumbai?
Q: I heard that BMC is taking some initiative for RR rates in Mumbai. What is it? How to know about RR rates in Mumbai?

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Latest Answer: The increase in ready reckoner rates is going to affect properties in areas like Prabhadevi, Cuffe Parade and Worli.
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Guidelines of BMC property tax.
Q: Has the new guidelines have come up for BMC property tax?

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Latest Answer: Around 81 % of the properties in Mumbai remain unaffected from the recent hike in property tax. Also, with the new capital value-based property tax system in place, many are unhappy regarding the same and many plan to contest in High Court. Further, for 27% of the residential properties in Mumbai, the tax bills have already been reduced as compared to the old rateable value-based system.
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New property tax system in Mumbai
Q: I heard some percent of properties in Mumbai are affected by the new capital based system and are charged more property tax. Please throw some light.. Thanks!

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mumbai property tax
Latest Answer: The new system of property tax was made to rationalise tax across the city and bring parity in tax collection. For those citizens who do not wish for a refund immediately, the remaining amount will be adjusted in their next year’s property tax bills.
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Property tax in Mumbai
Q: How are the citizens of Mumbai responding to the property tax bills which have been received recently? What is being done? I am completely against it. Do you also feel so??

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Latest Answer: How to calculate property tax (Capital value-based system)?
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