Mumbai: BMC okays property tax on homes up to 700 sq ft

Mumbai: BMC, ruled by Shiv Sena, has passed a proposal to exempt houses in the city with a carpet area up to 500 sq ft from property tax. If the government approves the proposal, it will benefit over 14 lakh households in the metropolis. The proposal, moved by Shiv Sena in the civic body’s council, was supported by all parties, including the second largest bloc BJP and the main opposition Congress.

The BMC also passed a proposal for 60 per cent concession in property tax for houses measuring between 500 sq ft and 700 sq ft. During the campaign for the BMC election in February this year, Shiv Sena chief Uddhav Thackeray had promised that property tax will be completely waived off on tenements measuring up to 500 sq ft (carpet area).

He had also said that for homes up to 700 sq ft, there will be a concession in property tax. Though the BJP and the Shiv Sena are allies in the Maharashtra government, the parties had fought the BMC election separately. If the Sena’s proposal is approved by the civic commissioner and subsequently by the state government, then the owners of houses with an area of up to 500 sq ft will be exempted from paying property tax, with effect from 2015 to 2020.

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