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BMC Budget 2025: Mumbai civic body projects property tax revenue at Rs 5,200 cr
Updated On: 04 February, 2025 02:46 PM IST | Mumbai | mid-day online correspondent
As per the budget documents, the majority of the property taxpayers are paying 50 per cent amount of property tax; at present, total property tax amounting to Rs 22,565.38 crore is outstanding
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For the upcoming fiscal year, property tax revenue is projected at Rs 5,200 crore, a key source of Brihanmumbai Municipal Corporation (BMC) funding.
"Revenue from property tax for the year 2024-25 is revised to Rs 6,200 crore which was estimated at Rs 4,950 crore in budget estimates 2024-25. Also, budget estimates of Property Tax for the FY 2025-26 is proposed at Rs 5,200 crore," the BMC Budget 2025 documents reads.
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