In a significant move aimed at streamlining property tax recovery and reducing disputes, the Brihanmumbai Municipal Corporation (BMC) has secured approval for an amendment to Section 154 of the Mumbai Municipal Corporation Act, 1888. The bill has been passed by both the Maharashtra Legislative Assembly and the Maharashtra Legislative Council.

Relief for property owners, no additional tax burden

The civic body clarified that the amendment will not lead to any increase in property tax for residential or commercial property owners. Instead, it is designed to simplify the assessment mechanism while providing relief to taxpayers.