Bmc property tax bill

Four years after the Shiv Sena promised exemption of property tax for residential properties measuring up to 500 sq ft in Mumbai, BMC will, starting this week, start issuing tax bills to such properties exempting only the “general tax” component of the tax. In 2019, the state government cleared a Bill to exempt property tax of residential properties measuring up to 500 sq ft in Mumbai, but the components of the tax that would be waived had remained undecided. In January last year, BMC did not issue tax bills to residential properties measuring up to 500 sq ft in the city, given the lack of clarity. “The property tax bills, including for residential properties measuring up to 500 sq ft area, are in the printing process and we will start issuing the bills this month,” said an official from the assessment and collection department. BMC has a total of over 4.20 lakh property taxpayers in the city, including 1.36 lakh homes measuring less than 500 sq ft. As per an estimate, if all components of property tax for 500 sq ft homes were waived, BMC would annually lose revenue of around Rs 350 crore. Property tax comprises of eight components, including general tax, water tax, sewerage tax, education cess, tree cess and water benefit tax among others. General tax constitutes around 10 per cent to 30 per cent of the total amount. Property tax is one of BMC’s biggest income sources (24 per cent) after octroi compensation. Its collection has, however, dipped since 2016-17. For the year ...

The Maharashtra CM Uddhav Thackeray has announced the complete property tax waiver on residential properties upto 500 sq ft within the Mumbai municipal limits. Applicable from the 1st of April 2022, The property tax waiver will offer great relaxation to the Rs 16 Lakh property owners in Mumbai. Read on to know how it will impact the property owners in Mumbai and important FAQs. Page Contents • • • • • • • What is Recently Announced Property Tax Waiver In Mumbai? The property owners in Mumbai have to pay the MCGM property Tax annually. The applicable property Tax amount depends on the total value of the property. The general components involved in the property tax are general tax, sewage tax, education cess, tree cess, and water benefit taxes, etc. As per the recent announcement by Maharashtra CM Uddhav Thackeray, there will be no property tax applicable on the residential properties measuring 500 sq ft within the Mumbai Municipal limits. The complete MCGM property tax waiver is applicable from the 1st of April 2022. For this, the necessary amendments into the Mumbai Municipal Corporation Act, 1888, the Maharashtra (Urban Areas) Preservation of Trees Act, 1975, and the Employment Guarantee (Cess) Act, 1962 will be done. Impact Of Property Tax Wavier on the Property Owners in Mumbai The exemption on the MCGM property will be a significant relaxation to the property owners in Mumbai. The complete MCGM property tax waiver will benefit the Rs 16 Lakh properties with an area les...

Premium Property tax: Now, BMC to send flat owners individual bills According to the current system of assessing property tax, the civic body issues a single bill to a housing society. The society’s executive committee then divides the bill amount among members, collects their payments and makes the payment. This individual or personalised billing system will be applicable to all new building projects that acquire Occupancy Certificates (OC) after April 1, 2018. FOR BETTER transparency in property tax assessment and with an eye on reducing litigations, the Brihanmumbai Municipal Corporation (BMC) will now send property tax bills to individual flat owners in all new building projects. This individual or personalised billing system will be applicable to all new building projects that acquire Occupancy Certificates (OC) after April 1, 2018. According to the current system of assessing property tax, the civic body issues a single bill to a housing society. The society’s executive committee then divides the bill amount among members, collects their payments and makes the payment. The BMC’s acknowledgement of payment received is also in the name of the housing society, this recognising the housing society as owner of the property while flat-owners are merely occupants. “There is always a tussle between a newly formed housing society and the builder on who will pay the property tax. Hence, we have taken a decision to issue individual bills to flat owners of the building and not t...

Supreme Court Upholds the Decision Ordering BMC to Refund Extra Property Tax April 2023: The Hon'ble Supreme Court of India recently rejected BMC's review petition challenging the Bombay High Court on framing new rules related to property tax and creating fresh bills. The Brihanmumbai Municipal Corporation (BMC) will now have to recalculate the capital value of properties in Mumbai and refund the amount to the property taxpayers. The method by which property tax was calculated earlier was Capital Valuation System, and the amount paid extra for the duration of 2010 to 2012 will be paid back to the. The background of the complaint was the petition filed by the Property Owners Association in the Bombay HC challenging the constitutional validity of the Mumbai Municipal Corporation Act 1988 on levying property tax. Based on the petition, the HC gave the decision that the BMC must do the assessment based on Capital Value System prospectively from 2012 and when the rule was implemented and not with retrospective effect. The BMC was asked to reassess the capital values of the properties. The order also stated that the vacant land must be assessed based on the FSI of 1 and not on the potential FSI. Maharashtra Government Introduces Stringent Rules For Vacant Land Property Tax April 2023: Maharashtra government- Eknath Shinde government- has announced stringent rules for MCGM property taxpayers. The government made it mandatory to submit payment receipts of vacant land tax for the r...

Everything You Need To Know About Property Tax in Mumbai, BMC & MCGM Portal Last Updated -- July 22nd, 2021 The Municipal Corporation of the bigger urban center once called the Metropolis Municipal Corporation is the ruling public form of the urban center, the capital town of Maharashtra. It is India's one of the richest public corporations. The annual budget of MCGM's beats that of several smaller states of the nation. It had been established beneath the metropolis Municipal Corporation Act. MCGM is accountable for the public foundation and management of the town and a few suburbs. In the year 2017, the legislative assembly of MCGM additionally called the Corporation Counsel of almost 227 people. The 2017 year was the primary time, thirty-one aspirants were opposed from one ward. One of the aspirants was named Raghvendra Singh, a freelance aspirant at the age of twenty-one. BMC Online Services Brihanmumbai Municipal Corporation Official http://portal.mcgm.gov.in/ Pay Property Tax Online https://ptaxportal.mcgm.gov.in/CitizenPortal/#/login Pay Water Bills Online https://aquaptax.mcgm.gov.in/aqua/CitizenHome.html Mumbai Property Card http://prcmumbai.nic.in/jsp/propertyNew.jsp Mumbai Property Card (Suburban) http://164.100.236.141/pcsql/Default Pay Octroi Online https://octroi.mcgm.gov.in/ Maharashtra State excise http://services.mahaonline.gov.in/Excise/Home/Home.Aspx Aadhaar Card http://aadhaar.maharashtra.gov.in/home/home.aspx Aadhaar enrollment Online https://wenrol.uid...

As the nation is going digital, the government and municipal corporations have now launched online calculators for property tax in India and allowing them to make payments online, too. Property tax can be paid online by accessing the website of the local municipal corporation. For instance, property owners in Mumbai can go to the portal of the Brihanmumbai Municipal Corporation (BMC), www.mcgm.gov.in, for calculating and then paying the tax online. MakaaniQ tells you all about the online processes of property tax calculation and payment: What is property tax? Property tax is the fund collected as tax, from property owners by municipal corporations, which is used for the development of the locality such as maintenance of roads and provision of civic facilities like street lighting, drainage systems, parks, etc. The tax is levied on an annual or half-annual basis and is paid to the local municipal corporation. The property tax may vary from location to location. Property tax calculation in Mumbai Property tax calculation in Mumbai was earlier done on the rate-based value system wherein the charges were determined by the amount of rent collected from a given property in a year. This proved to be a loss for the municipal corporation owing to the artificially low property taxes issued by the Rent Control Board. The BMC has now adopted a capital value-based property assessment and tax calculation system which depends on the stamp duty ready-reckoner rate issued by the government...

3.6/5 - (7 votes) The BMC is the Municipal Corporation of Greater Mumbai (MCGM). This is a civic body governing Mumbai, which is the capital of Maharastra. It is responsible for ensuring the smooth functioning and maintenance of the civic infrastructure of Mumbai city and its suburbs. Most of the Online Services on MCGM Portal MCGM portal link Brihanmumbai Municipal Corporation Official Pay Property Tax Online Pay Water Bills Online Mumbai Property Card (City) Mumbai Property Card (Suburban) Pay Octroi Online Maharashtra State excise Aadhar Card Download Marriage Registration Application Form Aadhar registration Online Birth and Death Registration Maharashtra Online Ganpati / Navratri Mandap Application Maharashtra Tourism Maharashtra State transport e Registration Leave and License Owners and Tenant. Building Plan approval CBSE, ICSE Online application form Online Admission form for MCGM school Complaints on BMC-related services All the Forms printouts Maharashtra Pollution Control Board Apply for Dog License Welcome to BMC (Big Mess Corporation) want to pay property tax online but links are not working. Cannot see the telephone helpline either. I sent them the mail to get information how to pay online but there is no reply. Unfortunately god has given them the eyes which are closed, ears which are deaf and hands which cannot even write a reply e-mail. • Property tax payment online is a mess , which allows only 4 banks, citi, kotak yes , and not general like mtnl or mahan...

• 26th Jul 2021 • 2457 • 0 The Municipal Corporation of the bigger urban center once called the Metropolis Municipal Corporation is the ruling public form of the urban center, the capital town of Maharashtra. It is India's one of the richest public corporations. The annual budget of MCGM's beats that of several smaller states of the nation. It had been established beneath the metropolis Municipal Corporation Act. MCGM is accountable for the public foundation and management of the town and a few suburbs. In the year 2017, the legislative assembly of MCGM additionally called the Corporation Counsel of almost 227 people. The 2017 year was the primary time, thirty-one aspirants were opposed from one ward. One of the aspirants was named Raghvendra Singh, a freelance aspirant at the age of twenty-one. BMC Online Services Brihanmumbai Municipal Corporation Official Pay Property Tax Online https://ptaxportal.mcgm.gov.in/CitizenPortal/#/login Pay Water Bills Online Mumbai Property Card http://prcmumbai.nic.in/jsp/propertyNew.jsp Mumbai Property Card (Suburban) Pay Octroi Online https://octroi.mcgm.gov.in/ Maharashtra State excise Aadhaar Card Aadhaar enrollment Online Maharashtra Online Maharashtra Tourism Maharashtra State transport e-Registration Leave and License Apply for Ration card Online Owners and Tenants, Online Mumbai Police Verification Building Plan approval CBSE, ICSE Mumbai Public school-Online application form History of MCGM Bombay was the primary British Indian pos...

Premium Property tax: Now, BMC to send flat owners individual bills According to the current system of assessing property tax, the civic body issues a single bill to a housing society. The society’s executive committee then divides the bill amount among members, collects their payments and makes the payment. This individual or personalised billing system will be applicable to all new building projects that acquire Occupancy Certificates (OC) after April 1, 2018. FOR BETTER transparency in property tax assessment and with an eye on reducing litigations, the Brihanmumbai Municipal Corporation (BMC) will now send property tax bills to individual flat owners in all new building projects. This individual or personalised billing system will be applicable to all new building projects that acquire Occupancy Certificates (OC) after April 1, 2018. According to the current system of assessing property tax, the civic body issues a single bill to a housing society. The society’s executive committee then divides the bill amount among members, collects their payments and makes the payment. The BMC’s acknowledgement of payment received is also in the name of the housing society, this recognising the housing society as owner of the property while flat-owners are merely occupants. “There is always a tussle between a newly formed housing society and the builder on who will pay the property tax. Hence, we have taken a decision to issue individual bills to flat owners of the building and not t...

The Maharashtra CM Uddhav Thackeray has announced the complete property tax waiver on residential properties upto 500 sq ft within the Mumbai municipal limits. Applicable from the 1st of April 2022, The property tax waiver will offer great relaxation to the Rs 16 Lakh property owners in Mumbai. Read on to know how it will impact the property owners in Mumbai and important FAQs. Page Contents • • • • • • • What is Recently Announced Property Tax Waiver In Mumbai? The property owners in Mumbai have to pay the MCGM property Tax annually. The applicable property Tax amount depends on the total value of the property. The general components involved in the property tax are general tax, sewage tax, education cess, tree cess, and water benefit taxes, etc. As per the recent announcement by Maharashtra CM Uddhav Thackeray, there will be no property tax applicable on the residential properties measuring 500 sq ft within the Mumbai Municipal limits. The complete MCGM property tax waiver is applicable from the 1st of April 2022. For this, the necessary amendments into the Mumbai Municipal Corporation Act, 1888, the Maharashtra (Urban Areas) Preservation of Trees Act, 1975, and the Employment Guarantee (Cess) Act, 1962 will be done. Impact Of Property Tax Wavier on the Property Owners in Mumbai The exemption on the MCGM property will be a significant relaxation to the property owners in Mumbai. The complete MCGM property tax waiver will benefit the Rs 16 Lakh properties with an area les...