NASHIK: The Nashik Municipal Corporation (NMC) has successfully increased its property tax collection, raking in Rs76.19 crore in April—a 61.71% rise compared to Rs49.99 crore during the same month last year.
This surge is attributed to the introduction of an 8% rebate for taxpayers who pay their annual dues in a single installment within the first month of the fiscal year.
Civic officials reported, “In April, approximately 1.55 lakh property owners took advantage of this scheme, receiving total rebates of Rs4 crore. This positive response has bolstered our confidence in meeting this year’s property tax goals.”
The NMC has set an ambitious collection target of Rs285 crore for 2026–27, surpassing last year’s record of Rs187 crore—the highest since the civic body was founded 43 years ago.
Officials explained, “The tiered rebate system—which offers 8% in April, 6% in May, and 3% in June, along with an extra 1% concession for online payments—aims to promote timely compliance and enhance cash flow at the start of the financial year.”
Within the six municipal divisions, Cidco achieved the highest collection with Rs14.95 crore, followed by Nashik West at Rs14.24 crore, Nashik Road at Rs13.32 crore, and Panchavati at Rs12.95 crore. The remaining collections came from the Satpur and Nashik East divisions.
The civic body is also focused on structural reforms to sustain revenue growth. Efforts are underway to identify under-assessed and unassessed properties to bring them into the tax framework. Currently, Nashik has around 6.22 lakh registered properties across its six divisions, with Panchavati and Cidco accounting for nearly 48% of the total base.
Cidco has seen significant growth, with property numbers rising by 54% from 97,517 in 2017–18 to nearly 1.49 lakh in 2025–26.
