Tag: Property tax

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Nagpur Civic Body Targets ₹749 Crore Property Tax for FY27

NAGPUR: The Nagpur Municipal Corporation (NMC) has set a property tax collection target of ₹749.82 crore for 2026-27. However, a significant discrepancy in its figures has emerged — ₹1,392 crore in arrears has been excluded from the recovery plan. Data obtained by TOI reveals that the total property tax arrears amount to ₹1,919 crore, but the NMC has only incorporated ₹526.85 crore — just 27% of the entire backlog — in this year’s recovery target. The exclusion of ₹1,392 crore greatly reduces the scope of the initiative. Senior officials have stated that arrears from government properties, mobile towers, and ongoing…

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Chandigarh Can Now Impose Fire Tax on Buildings

CHANDIGARH: The Chandigarh administration is now authorized to impose a fire tax or cess on buildings that pay property tax within the municipal corporation, following the extension of the Haryana Fire and Emergency Services Act, 2022, to Chandigarh. The fire tax will be calculated as a percentage of the property tax, with rates to be determined by the administration periodically. This initiative is part of a significant update to Chandigarh’s fire safety framework, replacing the previously enforced Delhi Fire Prevention and Fire Safety Act of 1986. The updated framework extends the validity of fire safety certificates (FSCs) from three to…

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Hubballi-Dharwad extends 5% property tax rebate to May-end

HUBBALLI: The Hubballi-Dharwad Municipal Corporation (HDMC) has extended the 5% property tax rebate through the end of May due to lower-than-expected collections following a delayed start to the payment initiative. The collection process, which was set to kick off on April 1, began instead on April 7. Initially, the rebate was available for taxpayers who paid their dues for the fiscal year 2026-27 by April 30. However, as collections remained disappointing, the rebate period has now been prolonged until May 31. HDMC has established a property tax collection target of Rs 235 crore for 2026-27, with just Rs 90 crore…

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Property tax dues at ₹2,000 crore: One-third of Nagpur’s budget

NAGPUR: The Nagpur Municipal Corporation (NMC) is grappling with Rs1,919 crore in unpaid property taxes, highlighting significant revenue recovery issues, with 4.54 lakh properties currently defaulting on payments—some for over 25 years. This unpaid tax represents almost one-third of NMC’s proposed budget of Rs5,857 crore for the fiscal year 2026-27. The magnitude of this default isn’t simply a recent occurrence; it reflects a long-standing systemic issue. Data indicates that Rs1,227 crore, approximately 64% of the total arrears, comes from properties that have neglected their taxes for 11 to 25 years. An additional Rs473 crore is owed by defaulters from the…

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Belagavi civic body raises ₹18 crore in 20 days’ tax collection

BELAGAVI: The Belagavi City Corporation (BMC) has seen a promising start in its property tax collections for the current financial year, amassing Rs 18.12 crore from April 1 to April 20, thanks to a 5% early payment rebate. This strong collection in just 20 days significantly enhances the corporation’s revenue base at the year’s outset. Officials anticipate that collections will accelerate through the end of April, as they typically spike in the final week of the month. The 5% rebate is available from April 1 to 30, encouraging taxpayers to settle their dues promptly. Civic officials have observed a noticeable…

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Bengaluru: City Corporations Can Buy Properties for Tax Recovery

BENGALURU: As property tax defaulters continue to disregard multiple notices and auction alerts, the Greater Bengaluru Authority (GBA) is considering a new strategy. Officials are looking into the option of municipal corporations buying these properties at their guidance value to recoup overdue taxes. In the past, legal actions such as issuing demand notices, seizing properties, and conducting public auctions have been implemented to recover debts. However, despite these efforts, few property owners opted to comply, and auctions often attracted no bidders, resulting in unmet revenue expectations. Consequently, authorities are now contemplating the direct acquisition of properties as a last resort.…

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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…