Thursday, May 30, 2024
HomeNewsReal EstateRs 15 crore short of its property tax target-NMC

Rs 15 crore short of its property tax target-NMC

Nashik Municipal Corporation (NMC)’s commissioner, Chandrakant Pulkundwar, has directed the officials concerned to approach the defaulters directly and mobilize at least Rs 15-20 crore during the remaining days of the current fiscal.

 The civic body has collected Rs 170 crore as property tax so far in the current financial year, which is the highest-ever property tax collection since 1992. However, the civic body still needs to collect Rs 15 crore more in the remaining 11 days to meet its target.

Nashik Municipal Corporation (NMC)’s commissioner, Chandrakant Pulkundwar, has directed the officials concerned to approach the defaulters directly and mobilize at least Rs 15-20 crore during the remaining days of the current fiscal.

All six divisional offices of the NMC have initiated a drive to recover property tax dues from the tax defaulters in their respective divisions to meet the property tax collection target. Authorities are confident of surpassing the property tax collection target by month’s end.

Civic body officials said one of the main reasons for the record property tax collection is that several new properties have been brought under the property net tax.

The NMC brought more than 13,000 properties under the tax net over the past eight months alone, making Rs 19.5 crore in revenue for the past two years and the current financial year.

NMC will be getting Rs 6.5 crore in revenue annually from these properties. These properties, despite being completed, were not paying property taxes. The civic officials carried out an extensive exercise to identify such properties and ensure that the property taxes are paid.

RELATED ARTICLES

Most Popular

Hot News