Advertisement

Mumbai: Citizen's group slams BMC’s property tax hike proposal

11:31 PM Jun 17, 2021 | Pratip Acharya

A citizen’s group on Thursday slammed the BMC’s proposal to hike property tax rates in the city.

The association, Watchdog Foundation, has written to the civic chief, urging the civic body to not revise the tax rates.

Advertisement
Advertisement

“We are aware that the corporation has collected only Rs 1,200 crore of its target of Rs 5,000 crores. However the deficit amount of taxes should be collected from defaulters and not by penalising the honest tax payers, who are regularly paying their taxes,” the association stated in the letter.

Advertisement

Trustee of the association Godfrey Pimenta said that the BMC will be putting a burden on the shoulder of the common man by hiking the tax rates, especially at a time when so many are facing financial crisis.

“Mumbaikars pay the highest amount of property tax in the country. In other countries, the rate of property tax is around 1% of the capital value; while in Mumbai it goes up to 5%,” Pimenta told FPJ.

Furthermore, he the civic body has a fixed deposit worth Rs 80,000 crore and annually it generates interest worth Rs 16,000 crore.

“Even after earning so much money and being the richest civic body in Asia, the BMC has chosen to burden the honest tax payers,” he said.

In the mail, the association also mentioned that the BMC had made a list of 50 defaulters who alone owes Rs 2,000 crores to the BMC. The association has named large corporate houses like HDIL, Seven Hills, Taj Lands End and Mumbai Cricket Association in the list.

"There is no transparency in the way how BMC operates. It has spend so much money on building Hindmata underground water-holding tanks, yet the city is getting flooded. Where is the accountability over this issue," said Pimenta.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

(To view our epaper please Read Now. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Advertisement