NDMC Property Tax Reform: Up to 50% Reduction Possible, Traders Express Concerns
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NDMC Tax Reform: Property Tax Cut Up to 50% for Old Properties, Traders Raise Concerns
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News18•30-03-2026, 22:45
NDMC Tax Reform: Property Tax Cut Up to 50% for Old Properties, Traders Raise Concerns
•New Delhi Municipal Council (NDMC) proposes Unit Area Method (UAM) to reduce property tax by 30-50%, benefiting old and self-occupied properties.
•The reform is part of the Jan Vishwas (Amendment of Provisions) Bill, 2026, introduced in Lok Sabha.
•UAM replaces the rental value-based system, aiming for uniform assessment and reducing the maximum property tax rate from 30% to 20%.
•Traders welcome UAM but express concerns over tax rates, enforcement powers, and fairness in recovery mechanisms, advocating for 'one city, one tax'.
•NDMC assures consultations with traders and highlights benefits like self-assessment, online payment, and separate assessment for different property portions.
