TMC Property Tax Hike: Thane Residents To Face 12 to 20% Rate Increase; BJP and NCP SP Slam Civic Body
The Thane Municipal Corporation has approved a property tax hike of 12 per cent for residential and 20 per cent for non-residential properties, the first such increase in eight years. Expected to generate INR 104.67 crore annually, the move has drawn sharp criticism from opposition parties (BJP and NCP-SP), who cite poor civic infrastructure and demand the recovery of existing tax arrears instead.
The Thane Municipal Corporation (TMC) has approved a property tax hike following a resolution passed during Monday, August 17, general body meeting. Residents will see a 12 per cent increase for residential properties and a 20 per cent increase for non-residential properties, marking the first such revision in eight years.
Breakdown of the Approved Revisions
According to a report by The Times of India, the TMC administration expects the move to generate approximately ₹104.67 crore in additional annual revenue - comprising INR 63.07 crore from residential units and INR 41.60 crore from non-residential sectors. ‘Vande Mataram’ Mix-Up at Thane Event: Lata Mangeshkar Version Played, Eknath Shinde Apologises (Videos).
Key changes approved by the civic body include:
- Residential Tax: A 12 per cent increase for homeowners.
- Non-Residential Tax: A 20 per cent increase for commercial properties.
- Transfer Fees: The corporation is shifting from square-foot-based calculations to a fee of 0.5 per cent of the government-approved market value for authorised property transfers, as noted by the Times of India.
- Exemptions: Owners of residential properties measuring up to 500 sq ft will continue to receive a 100 per cent exemption on the general component of property tax. Ex-servicemen also retain their existing exemptions.
Financial Context
The TMC currently projects annual property tax collections at approximately INR 768.42 crore. Despite the new hike, officials acknowledge a significant gap compared to the 2026-27 budget target of INR 1,600 crore. Shiv Sena corporator and leader of the House, Hanmant Jagdale, defended the decision as "crucial for the corporation to bail itself out from the current financial crunch" and stated, "Higher revenues would allow the corporation to undertake more development work".
Political Opposition
The decision has drawn criticism from opposition parties, including the BJP and the Nationalist Congress Party (Sharad Pawar faction).
- BJP Stance: Deputy Mayor Krishna Patil and BJP group leader Mukesh Morashi claimed the proposal was passed without sufficient discussion. The party has announced plans to write to Chief Minister Devendra Fadnavis to oppose the hike, arguing that the corporation should first prioritise the recovery of over INR 1,200 crore in existing property tax arrears, as reported by Loksatta. Phone Control, Threat, Video Calls: How Thane Youth Kept Nagpur Girl Under 'Digital Arrest' for 3 Months Before S*x Assault.
- NCP (SP) Stance: District President Manoj Pradhan condemned the hike, stating, "In Thane, despite the TMC failing to provide even basics, it is now burdening citizens with a tax hike, which is unjust." As highlighted by Hindustan Times, the party has threatened to take the protest to the streets if the decision is not reconsidered.
Residents have expressed frustration, citing ongoing civic issues such as poor road maintenance, water supply irregularities, and waste management challenges, questioning the timing of the tax increase.
(The above story first appeared on LatestLY on Aug 19, 2026 03:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
