Mumbai civic body gets record â¹5k cr as property tax in 1yr
The Brihanmumbai Municipal Corporation (BMC) has collected a record revenue of nearly â¹5,150 crore from property taxes during the financial year 2017-18. Property tax is collected from all kinds of properties in the city, including housing societies and recreation clubs. However, BMC fell short of around â¹50 crore from reaching its annual tax target of â¹5,200 crore.