NASHIK: The Nashik Municipal Corporation (NMC) successfully collected Rs 66 crore in property taxes from defaulters as part of its amnesty scheme during the September to December period of the current financial year.
This brings the total property tax collection for the civic body to Rs 208 crore by the end of December 2025. An official reported that approximately 86,000 defaulters settled their dues, benefiting from rebates totaling Rs 22 crore. The scheme was launched for four months, offering penalty waivers between 85% and 95% for those who paid their outstanding amounts in full.
Under standard regulations, the NMC imposes a 2% monthly penalty on overdue payments and incurs additional costs for issuing notices and warrants. A similar amnesty scheme was implemented during the 2023–24 financial year from October 1 to January 31, offering penalty reductions of up to 95%. That initiative helped over 60,000 defaulters, yielding approximately Rs 55 crore in collections and penalty waivers amounting to Rs 25 crore. Officials have noted that this year’s response has been even more favorable.
For the current financial year, the NMC aims to collect Rs 275 crore in property taxes. With Rs 208 crore already collected by the end of December, the civic body still requires Rs 67 crore to reach its target. In the previous financial year (2024–25), the NMC surpassed its goal by collecting Rs 256 crore against a target of Rs 250 crore.
An official acknowledged that property tax recovery had slowed in the past three months due to staff being assigned to election duties. “A focused recovery initiative will commence in February and March once the civic elections conclude,” the official mentioned. “We are optimistic about meeting our property tax target for the current financial year,” the official added. The property tax department of the municipal corporation manages a total of 600,000 properties across six divisions.
