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In a decisive move to recover unpaid property taxes, the municipality has issued notices to 462 property owners, warning them of imminent property confiscation and auction. According to a report from Lokmat, this action is part of a broader effort to address substantial tax arrears and bolster municipal revenue.

The Importance of Property Tax

Property tax serves as a vital source of income for municipalities, funding essential public services and infrastructure. Property owners are required to pay their taxes within 90 days of receiving a payment notice. Failure to do so triggers a series of escalating enforcement measures by the Municipal Corporation.

The process begins with the issuance of a 'demand letter,' followed by a final notice that grants the property owner 21 days to settle the outstanding amount. However, despite these measures, the number of defaulters has steadily increased over the past decade, leading to the municipality’s decision to take more stringent action.

Upcoming Auction of Seized Properties

To recover the unpaid taxes, the municipality has decided to auction off a variety of assets, including vehicles seized in the K West Division. These assets will be available for inspection until August 23, 2024, after which they will be sold through an electronic auction process.

Notices have been dispatched to defaulters across various property categories, including residential, industrial, commercial, and open spaces. The assessment and collection department has urged property owners to settle their dues within three days to avoid further legal action.

Legal Consequences and Final Warning

The notices sent to property owners include a stern warning: failure to pay the outstanding taxes will result in actions under the Mumbai Municipal Corporation Act of 1888. This could lead to the confiscation and auctioning of properties, in addition to the imposition of fines.

The municipal administration has intensified its efforts to collect unpaid taxes and is strongly urging those who have received notices to make their payments immediately. Delaying payment could result in the loss of valuable assets through legal action.

Conclusion

Property owners who have received notices should act quickly to settle their taxes and avoid the severe consequences of property confiscation and auction. The municipality’s crackdown on defaulters is a clear message that unpaid taxes will not be tolerated, and immediate action is required to prevent the loss of property.

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