The civic body also said that under the new property tax system, those who pay the tax promptly, will get 'early bird' discount. "Those who own flats in the buildings whose OCs will be issued from this month, will get individual property tax bills. But property tax of the unsold flats and common areas will be paid by the builder," a senior BMC official said. At present, the civic body issues common property tax bill to a housing society, which then collects the tax dues from the flat owners and pays the amount to the civic body. Of these 28 lakh flat owners, 1.42 lakh property holders are paying property bills individually.

Source: dna April 12, 2018 11:37 UTC