India's Municipal Bodies Need Structural Property Tax Reforms

India's municipal bodies have struggled to collect property taxes effectively, with cumulative collections remaining at just 0.15-0.2% of the country's GDP. This low performance indicates systemic inefficiencies in how local governments assess and recover property-based revenue.

Experts argue that structural reforms are essential to strengthen municipal finances and improve urban governance. Better tax administration, updated property valuations, and streamlined collection mechanisms could unlock significant revenue for cities facing budget constraints.