Mangaluru civic body collects ₹149.6 crore in property tax FY26
MANGALURU: Mangaluru City Corporation (MCC) has achieved its highest property tax collection to date, amounting to Rs 149.6 crore under the Self-Assessment Scheme (SAS) for the financial year 2025-26, according to commissioner Ravichandra Naik. In a statement to the press, Naik mentioned that the estimated demand for the fiscal year was Rs 112 crore, with previous collections of Rs 137 crore in 2024-25 and Rs 117 crore in 2023-24. The city, divided into 60 wards, encompasses a total of 2,22,256 properties, comprising 1,75,724 residential units, 44,074 commercial properties, 1,175 industrial properties, and 1,283 non-residential properties. Naik noted that the rise…