The Nashik Municipal Corporation’s(NMC) property tax collection has increased by 31% — to Rs112 crore — between April 1 and August 7 in the current financial year as against a total of Rs85 crore during the corresponding period last year.
NMC officials said that they are eyeing to maximize property tax collection to meet the target by the next two months. “Usually, August to October is the slack period for tax collection as people are busy in admissions of schools and colleges. But, we will continue our efforts to increase the revenue of the civic body,”they said.
“We are taking various measures to increase the revenue of the civic body through property tax. We are already in the process of assessing around 1.27 lakh properties with additional construction that was not on record,” said NMC officials.
NMC officials further said that assessment of around 80% of these properties is done. “We will start inviting their objections about the additional property tax to be levied for their construction. If they don’t register their objection, we will levy additional tax on such properties,” added an NMC official.
Apart from this, NMC will be starting a recovery drive against property tax defaulters with dues over Rs one lakh, also serving notices to them. The civic body is also planning to conduct a fresh survey to identify properties sans property tax.
During the FY of 2022-23, the civic body collected property tax amounting to Rs188 crore. NMC has set the property tax collection target of Rs210 crore for the current financial year.
