3.76 Lakh Owners Skip Property Tax, Nagpur’s Finances Suffer
NAGPUR: The property tax revenue of the Nagpur Municipal Corporation (NMC) has seen a decline in 2025-26, despite a continuous increase in the number of properties, highlighting serious compliance and recovery issues. To date, the NMC has collected Rs252.66 crore, a marked decrease from Rs306 crore gathered in 2024-25, where they achieved 94% of their Rs325 crore target. This reduction comes even with the total property count rising to 836,842, indicating that revenue growth is lagging behind property expansion. Alarmingly, only 460,094 property owners have settled their taxes, leaving 376,000 properties either in default or outside the tax system. Property…