Mumbai BMC Property Tax 2026: Rates & Calculation | Banke India
How Mumbai's BMC property tax works in 2026 under the Capital Value System, current rates, and who's exempt.
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Mumbai Real Estate Insights · Ownership Costs BMC Property Tax in Mumbai: How It's Calculated in 2026 Mumbai's property tax runs on a formula most owners have never actually seen written out — and a recent rate revision means it's worth checking your specific number again. This Banke India guide breaks it down. The Capital Value System Mumbai moved from the old Rateable Value system to the Capital Value System (CVS) in 2015. Property Tax = Applicable Tax Rate × Capital Value, where Capital Value itself derives from the Ready
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