Updated On: 27 February, 2021 07:24 AM IST | Mumbai | Prajakta Kasale
Civic body is owed over Rs 20,000 crore property tax, has collected only Rs 2,200 crore this financial year; attaches around 3,500 properties

The BMC has been struggling to collect property tax ever since it introduced capital base property tax in 2015. Representation pic
The BMC has started selecting two properties from each ward to auction to recover pending property tax. Out of over 3,500 properties attached — including open land, commercial and residential structures - the chosen ones will be auctioned after declaring their details and a 21-day notice. Property tax dues run into over Rs 20,000 crore, with the civic body having collected Rs 2,200 crore out of the estimated R6,780 crore property tax this financial year.
After it introduced capital base property tax in 2015, the BMC has been struggling to collect property tax. Many matters are under litigation and property holders have failed to deposit even 50 per cent of the tax. The corporation had been attaching such premises but couldn’t auction them. The BMC committee recently granted the administration permissions for auctions.