Mumbai residents don’t expect relief in 2010-14 property tax

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By Accommodation Times News Service

The method involved multiplying the carpet area of a property with the ready reckoner rate and 1.2

Citizens can expect no reduction in their property tax bills for 2010 to 2014 as the civic body has decided to stick to the method used for its calculation during the period.

The method involved multiplying the carpet area of a property with the ready reckoner rate and 1.2. The BMC had consulted the state advocate general (SAG) after corporators opposed the 1.2 factor in the method. The SAG, though, has said it is essential as otherwise the BMC would suffer major losses.





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