property tax Nashik
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The Nashik Municipal Corporation (NMC) has collected a record Property tax of Rs 64.20 crore during the first four months of the current fiscal as compared to the corresponding period last year. The data has been revealed in a recent report released by NMC officials. It shows that during the first four months of the year 2018, the property tax was increased by 36.44% as compared to the same period last year.

According to an NMC official, “The NMC has increased the tax rates for all existing property taxpayers. This is the only reason the property tax collection has increased during the first four months. We have collected a tax of Rs 64.20 crore as against Rs 46.98 crore during the corresponding period in 2017-18.”

“This year we have set a property tax collection target of Rs 253 crore. We are also planning to launch a drive to recover property tax dues in the next couple of months from those who have still not paid it.” Official added.

The report further says that there are 4 lakh properties across the six divisions in Nashik, out of which the CIDCO division has received a maximum amount of property tax i.e. Rs 12.45 crore, followed by Nashik East (Rs 12.06 crore), Nashik West (Rs 11.97 crore), Nashik Road (Rs 11.36 crore), Panchavati (Rs 9.16 crore) and Satpur (Rs 7.17 crore).

The property tax has been hiked in the range of 37-40% by NMC administration. Officials have already sent the new property tax bills to taxpayers in order to recover the leftover dues.