No hike in your prop­erty tax, rul­ing NCP keeps its prom­ise

Rates on prop­er­ties have not been in­creased tak­ing into ac­count the re­ces­sion

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - HT NAVI MUMBAI - G Mo­hi­ud­din Jeddy ht­for­nav­i­mum­bai@hin­dus­tan­times.com

CBD BELAPUR: Res­i­dents may heave a sigh of re­lief as they will not have to pay higher prop­erty tax for the next year.

The stand­ing com­mit­tee of Navi Mum­bai Mu­nic­i­pal Cor po­ra­tion (NMMC) on Thurs­day ap­proved the prop­erty tax rates for the fi­nan­cial year 2016- 17 with­out any in­crease from last year’s rates.

The ad­min­is­tra­tion has said that the rates on res­i­den­tial and com­mer­cial prop­er­ties have not been in­creased tak­ing into ac­count the pre­vail­ing re­ces­sion.

Stand­ing com­mit­tee chair­per­son Ne­tra Shirke said that the rul­ing Na­tion­al­ist Congress Party is ful­fill­ing the prom­ise of no hike in taxes in the city for 20 years.

Ac­cord­ing to the ap­proved pro­posal, the tax on res­i­den­tial prop­er­ties will be 32.67% of their rate­able value while for com­mer­cial and in­dus­trial prop­er­ties it is 53.33%.

Shiv Sena cor­po­ra­tor Shivram Patil sought in­for­ma­tion on var­i­ous govern­ment and semi-govern­ment or­gan­i­sa­tions with re­spect to pay­ment of prop­erty tax.

Deputy mu­nic­i­pal com­mis­sioner (prop­erty tax) Prakash Kulka­rni said, “Tak­ing into ac­count the fi­nan­cial po­si­tion of the civic body, tax in­crease was ex­pected. How­ever, we have not sought any in­crease.”

He said, “Keep­ing in view the na­tional and global busi­ness sce­nario, we do not want to put ad­di­tional bur­den on the res­i­dents, en­trepreneurs and in­dus­tri­al­ists. We want to fur­ther pro­mote trade and com­merce in the city and in­crease em­ploy­ment op­por­tu­ni­ties. Hence we have de­cided to con­tinue with last year’s rates.”

He said, “Last year, we had a tar­get of Rs575.94 crore, of which Rs161crore are in ar­rears.”

Fol­low­ing the pre­sen­ta­tion of the bud­get on Mon­day, the NMMC pre­sented a res­o­lu­tion to the stand­ing com­mit­tee for ap­proval.

Un­der the Bom­bay Pro­vin­cial Mu­nic­i­pal Cor­po­ra­tions (BPMC) Act 1949, Sec­tion 99, a civic body is re­quired to fi­nalise its tax rates be­fore Fe­bru­ary 20 of the cur­rent fi­nan­cial year for the next fi­nan­cial year.

This has to be done through a pro­posal to the stand­ing com­mit­tee or the gen­eral body, held be­fore the dead­line. It was in this con­text that the ad­min­is­tra­tion put forth the pro­posal for tax rates ap­proval for the year 2016-17.

AC­CORD­ING TO THE AP­PROVED PRO­POSAL, THE TAX ON RES­I­DEN­TIAL PROP­ER­TIES WILL BE 32.67% OF THEIR RATE­ABLE VALUE

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