CM Uddhav Thackeray announces full property tax exemption for Mumbai homes measuring up to 500 square feet
With elections at the Brihanmumbai Municipal Corporation (BMC) due to be held this year, Maharashtra Chief Minister Uddhav Thackeray on Saturday announced full exemption from property tax bills on residential properties measuring up to 500 square feet in Mumbai. The Shiv Sena had promised to announce the waiver as part of its campaign pledge for the 2017 BMC election, in which it later became the largest party. The waiver will be effective from the new financial year.
âShiv Sena kept many of his promises given in 2017. For Mumbaikars, I gave the promise after careful consideration. Today we keep this important promise. I promise Mumbaikars that we are able to take care of your health and well-being, just keep giving us your blessings, âThackeray said while announcing the decision in a virtual meeting of department officials. urban development Saturday.
He further instructed the state administration to ensure the immediate implementation of the decision. The meeting was attended by the ministers of Shiv Sena, Eknath Shinde and Aaditya Thackeray, the Minister of Congress Aslam Shaikh and senior officials of the state government and BMC.
IS Chahal, commissioner of BMC, said at the meeting that there are 16-14,000 residential properties under 500 square feet in Mumbai and that BMC will suffer an annual loss of revenue of Rs 462 crore due to the decision. The decision will also require amendments to the Mumbai Municipal Corporation Act, 1888, the Maharashtra Education and Employment Guarantee (Cess) Act, 1962, and the Maharashtra (Urban Areas) Preservation of Trees Act, 1975, he added. .
âThe proposal will be submitted to the state cabinet to make the decision and make the appropriate changes to these laws. Then an order will be issued accordingly. It (the decision) will come into effect on April 1, 2022, for the 2022-2023 fiscal year, âsaid Mahesh Pathak, Principal Secretary of the Urban Development Department.
Following Shiv Sena’s victory in 2017, the BMC gave up the general tax component of property tax in 2019, urging critics to only partially keep its promise. The property tax consists of eight elements, including the general tax, the water tax, the sanitation tax, the education tax, the tree tax and the tax on water services, among others. The general tax represents about 10 to 30 percent of the total amount.
The question of a complete exemption from property tax was also raised by the opposition during the winter session of the state legislature. “Only the general tax on property tax bills has been abolished and not all of the property tax as promised by the then chief of Shiv Sena and CM Uddhav Thackeray,” said Devendra Fandavis, head of the opposition, adding that the state government should give it up. completely off.
Shinde, in the assembly, had said that the government is also of the same opinion and that a decision in this regard will be taken soon.
On Saturday, Shinde, the Minister of Urban Development, called the move revolutionary and a New Year’s gift to the people of Mumbai.
âIt’s a revolutionary decision. No one dared to take such a decision not only in the state but also in the country. There is no need to tell anyone about the relationship between Mumbai and Shiv Sena. The Mumbaikars have always shown their love for Shiv Sena, âsaid Shinde.