Mumbai, Apr 1 (PTI) The Brihanmumbai Municipal Corporation (BMC) collected its highest-ever property tax of Rs 6,198 crore during financial year 2024-25, almost meeting its target, officials said on Tuesday.

The property tax collection in the last financial year was "record-breaking," the corporation noted in a release.

The country's richest civic body had set itself a target of collecting property tax of Rs 6,200 crore, and succeeded in collecting 99.97 percent of the amount, it said.

The G South ward in the Island City which includes areas like Lower Parel and Worli contributed the highest Rs 624.50 crore, followed by K East and K West wards with Rs 526.64 crore and Rs 504 crore, respectively.

Additionally, Rs 178.39 crore was collected in the form of fines, the release said. PTI KK KRK

Property tax collection nearly met municipal target, reflecting record municipal revenue and concentrated ward contributions. BMC recorded a record property tax collection of Rs 6,198 crore in FY 2024-25, achieving 99.97% of its Rs 6,200 crore target, with an additional Rs 178.39 crore collected as fines. Ward-level contributions were concentrated, led by G South, followed by K East and K West, underscoring localized revenue concentration and reflecting municipal budgetary performance and tax-administration outcomes.