Tag: Property tax in Nashik

Latest StoriesRegulatory

Nashik Civic Body Gathers 41% of Property Tax in Four Months

NASHIK: The Nashik Municipal Corporation (NMC) has achieved significant progress in its property tax collection for the fiscal year, gathering Rs 111 crore from April to July. This amount accounts for 41% of the target of Rs 275 crore set for the 2025-26 financial year. An NMC representative noted that the positive outcomes are attributed to a new rebate plan. This initiative features discounts ranging from 3% to 8% intended to encourage prompt payment. An 8% rebate was available for those who paid their entire annual property tax in April and May, while the percentage decreased to 6% for payments…

Latest StoriesRegulatory

Nashik Civic Body Gathers ₹100 Crore in Property Tax Q2

NASHIK: The Nashik Municipal Corporation (NMC) achieved a property tax collection of Rs 100 crore in the April-June quarter of the 2025-26 financial year, a slight decline from the Rs 106 crore collected in the same period last year. Officials credit the collection to rebates of 6-8% for early tax payments. NMC offers various rebates for timely property tax payments: an 8% discount for payments made in April-May, 6% for June, and 3% for July, with the incentive program ending on July 31. Additionally, a 1% concession is available for online payments. Last year, NMC informed taxpayers through messages about…