Thane Civic Body Surpasses Property Tax Collection Target with Rs 810 Crore for FY 2024-25

In a remarkable achievement, the Thane Municipal Corporation (TMC) has successfully collected Rs 810 crore in property tax for the fiscal year 2024-25, reaching 95% of its target. This represents a significant increase of Rs 108 crore from the Rs 702 crore collected in the previous fiscal year (2023-24). The success is largely attributed to improved administrative efforts, enhanced digital payment options, and efficient tax collection strategies.

Growth in Property Tax Collection

The increase in Thane's property tax collection reflects the city’s growing tax base and improved administrative efforts. The civic body had set a target of Rs 850 crore for the year, and with a collection of Rs 810 crore, it has made substantial progress. This boost in revenue is crucial for the city’s infrastructure and public service projects, contributing to urban development and better civic amenities.

The city administration has focused on making property tax payments as convenient as possible. A wide range of digital payment options, including online links, direct debit, and payment via credit and debit cards, ensured that residents had multiple easy channels to settle their dues. Moreover, the addition of ATMs and 21 physical collection centres, including special mobile van camps set up in housing societies, made it even easier for people to pay their taxes.

Digital Payment Options and Strategic Collection Efforts

Thane’s efforts to raise public awareness through SMS reminders, auto-rickshaw campaigns, and social media also played a significant role. These campaigns kept residents informed about their tax obligations and deadlines, which contributed to higher compliance rates.

To further ensure timely collection, the civic body took stringent action against defaulters, including issuing warrants, property seizures, and service interruptions. These measures acted as a deterrent to those who had not yet paid their taxes. The proactive stance hel