<h1>Property Tax Bills Rise 15.89% Due to Capital Value Reassessment, No Rate Changes, Exemptions Maintained</h1> The Mumbai civic body clarified that property tax rates remain unchanged, with higher bills resulting from revised ready reckoner rates for 2025-26. The average 15.89% increase stems from a mandatory five-year capital value reassessment, last done in 2015. The municipal corporation suspended solid waste management fees after political leaders raised concerns about additional resident burdens. Flats under 500 square feet continue to be tax-exempt, and the revision follows a 10-year gap.