North Delhi Municipal Corporation (NMC) on Thursday passed a resolution withdrawing the hike in property tax rates as per the Municipal Valuation Committee (MVC) report.
The resolution for withdrawing the property tax rates, that were earlier approved by a standing committee and the civic body, was brought by BJP councillors Rajesh Bhatia and Shobha Vijender.
The Bharatiya Janata Party-dominated civic body passed the resolution which also provides for adjusting the excess tax amount paid by property holders in the municipal corporation areas.