BMC to send the property tax bill in September
The Brihanmumbai Municipal Corporation (BMC) is all set to send the final property tax bill in September. The BMC claims that it has completed the billing process and is currently working on the refunds.
The civic body is in the process of computerizing the property tax collection system and is planning to use it to dispatch refund cheques.
The final property tax bill has been calculated according to the newly-implemented capital value-based system that was approved in June.
The BMC is using property-wise coding this time as against the earlier system of general tax coding (single ledger code). Along with the property tax, the owners will be sent the capital value of the respective property.
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