The property taxtment of the Nashik Municipal Corporations (NMC) and the town planning department will work together to inspect whether property tax has been levied on buildings with a Building Completion Certificate (BCC).
“We have decided to bring the new properties under the tax net of the property tax department. The occupants are expected to apply to levy property tax on their properties once they get BCCs, but they are not doing so. So, the drive aims to bring the properties with BCCs under property tax net of the NMC,” said NMC officials.
A property tax is levied on new building projects once a BCC is given.
“There are around 30,000 properties that have obtained BCCs during the past few years but have not applied for property tax. The number of properties that are paying property tax are around 5.20 lakh and the numbers will touch 5.50 lakh properties within the next few months. We will find out which are the buildings that have not applied for tax, and hopefully it will increase the revenue of the civic body by Rs15 crore more annually,” said NMC officials.
Last financial year, the civic body had set a property tax collection target of Rs150 crore.
But the target had been increased to Rs185 crore following instructions by the 15th finance commission of the centre.
For the current FY 2023-24, the civic body has set a property tax collection target of Rs210 crore.
NMC officials said they have already collected property tax amounting to Rs115 crore so far, but they have to collect Rs95 crore more to meet the property tax collection target of the current financial year.