Flat owners in buildings with OC to get individual tax bills: BMC

By Realty Quarter Bureau

The Brihanmumbai Municipal Corporation today announced that personalized property tax bills will be issued to the people who own flats in those buildings that will get Occupation Certificates (OCs) from this month.

The civic body also said that under the new property tax system, those who pay the tax promptly will get ‘early bird’ discount. “Those who own flats in the buildings whose OCs will be issued from this month; will get individual property tax bills. But property tax of the unsold flats and common areas will be paid by the builder,” a senior BMC official said.

At present, the civic body issues common property tax bill to a housing society, this then collects the tax dues from the flat owners and pays the amount to the civic body.

“The main problem with the current system is that when a member or members fail to pay the property tax, then all the members are penalised for that. Now, in the personalised property tax billing system, this will stop,” the official added.  A few years back, the BMC had allowed those flat owners to pay the bills individually, who had opted for it. Such flat owners need to take an NOC from their housing society and file an application with the civic body, he said.

A statement issued by the BMC said that currently owners of 28 lakh flats/galas located across 2.75 lakh buildings in the city pay property tax.

Of these 28 lakh flat owners, 1.42lakh property holders are paying property bills individually.