Tag: Property tax

Latest StoriesRegulatory

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…

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Secunderabad Cantonment Board Residents Demand 1.5% Property Tax

HYDERABAD: Residents of Secunderabad Cantonment have formally approached the chief executive officer (CEO) of the Secunderabad Cantonment Board (SCB) with serious concerns about the ongoing application of a 5% transfer of property tax (TPT), as mandated by a notification from 1989. A resident group known as Cantonment Vikas Manch has pointed out that the 5% TPT was established in 1989 under the provisions of the Cantonments Act of 1924. At that time, limited public awareness and communication made it difficult for many residents to voice objections or suggestions. The TPT is collected by the state government at property registration in…

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Belagavi Property Tax Growth Stalls Despite Building Boom

BELAGAVI: Despite the rapid expansion of Belagavi city, the collection of property taxes has not kept up, raising concerns about the financial management of the city corporation. As of March 31, there are 165,958 properties across 58 wards in the city, with an estimated addition of 10,000 to 15,000 new properties each year. However, this growth has not resulted in a corresponding increase in civic revenue. In the fiscal year 2025-26, the city corporation collected ₹70.8 crore in property tax, a slight increase from ₹69.5 crore in 2024-25, falling significantly short of the ₹89 crore target. Officials have indicated that…

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Patna’s property tax collection surpasses ₹116 crore milestone

PATNA: The Patna Municipal Corporation (PMC) has set a new record in property tax collection, amassing ₹125 crore in the fiscal year 2025-26, surpassing its target of ₹116 crore. This achievement is attributed to enhanced enforcement measures and the effective implementation of a one-time settlement scheme. The tax collected this fiscal is ₹11 crore more than the ₹114 crore gathered in the 2024-25 financial year. PMC officials noted that the total revenue from various sources reached around ₹250 crore, although these figures are provisional and may increase as calculations are finalized. The municipal area encompasses 3.06 lakh holdings, with collections…

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Vijayawada Civic Body Sees ₹267 Crore Tax Collection in FY26

VIJAYAWADA: The Vijayawada Municipal Corporation (VMC) has achieved a total tax collection of ₹267.10 crore for the recently concluded 2025-26 financial year. This marks an increase of ₹15 crore compared to the previous year’s collection of ₹252 crore. The city holds 2.27 lakh property tax assessments and 14,575 vacant land tax (VLT) assessments, with current demands of ₹172.60 crore for property tax and ₹22.98 crore for VLT assessments. The overall demand for property tax and VLT, including arrears, is ₹454.00 crore, of which ₹226.28 crore was collected during the financial year. As per the Revenue DCB (Demand, Collection, Balance) abstract…

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Rajkot Civic Body Fails to Meet Property Tax Collection Goal

RAJKOT: The tax recovery branch of the Rajkot Municipal Corporation (RMC) did not meet its property tax target for the financial year 2025-26. The total collection reached Rs 447.93 crore, falling short by Rs 7.87 crore from the Rs 455.8 crore goal. Despite reminders from the RMC and threats of strict measures, 25% of property owners did not pay their taxes. Nonetheless, this figure reflects an 8.44% growth from the previous year, marking a Rs 34.44 crore increase. Boosting Compliance and Zone-Wise Collections Official reports indicate a low compliance rate, with 75.75% of property owners meeting their tax duties this…

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Pune: PMC Acts on 4,000 Bounced Cheque Cases for Property Tax

PUNE: The Property Tax Department of Pune Municipal Corporation (PMC) has issued a warning to property owners regarding strict legal consequences for dishonoured tax payment cheques, as the number of such cases has been rising. Civic officials reported that over 4,200 cheque bounce instances have been recorded this financial year. Following persistent follow-ups, about 3,600 owners have settled their payments. Now, the civic body plans to take legal action against the remaining 600 defaulters under the Negotiable Instruments Act, 1881, which governs cheque dishonour offences. Ravi Pawar, head of the PMC’s Property Tax Department, stated that despite numerous reminders, some…

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350+ government offices owe Nagpur civic body ₹145 crore in tax

NAGPUR: While the civic authority is contemplating a 10% increase in property tax to enhance revenue, the Nagpur Municipal Corporation faces significant challenges in collecting dues from central and state government departments, which collectively owe over Rs145 crore in unpaid property tax. Out of the revised target of Rs325 crore for the current fiscal year, the municipality has thus far collected Rs215 crore, leaving approximately Rs110 crore outstanding. Despite enforcing strict penalties and initiating attachment actions against individual taxpayers, several government offices have continued to delay payments for years. This poor recovery has necessitated additional resources for the civic body…

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Andhra Pradesh Offers 50% Waiver on Property Tax Dues

VIJAYAWADA: The state government announced on Tuesday a one-time 50% waiver on interest for accumulated property tax arrears for the financial year 2025-26 across all municipalities and municipal corporations. This waiver is accessible to taxpayers who pay 100% of the principal property tax dues, as well as the remaining 50% interest, in a single lump-sum payment by March 31. The government specified that this offer is time-limited and will not be extended. Additionally, any interest that has already been paid will not be refunded and can only be adjusted against future tax demands as per existing provisions. Property tax is…

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Nashik Civic Body Gathers ₹272 Crore in Property Tax FY26

NASHIK: The Nashik Municipal Corporation (NMC) has achieved a record property tax collection of Rs 272 crore in the financial year 2025-26, marking the highest amount in its 43-year history. Officials anticipate an additional Rs 10-15 crore to be collected in the remaining 21 days of the fiscal year. The target set for property tax collection was Rs 270 crore. Officials cited a significant boost from the 15-day amnesty scheme for tax defaulters, conducted from February 23 to March 9, which generated Rs 46 crore in outstanding dues. “During this period, over 13,000 defaulters cleared arrears totaling Rs 45 crore…