Nashik civic body buys 36k new properties under tax net in Apr-Jan

The Nashik Municipal Corporation (NMC) has brought about 36,000 new properties under the tax net in the April-January period in FY22.

The properties under tax ambit have increased to 4.96 lakh in Nashik, from which 15,000 new properties have been bought by NMC in the November-January period.

According to NMC's property tax department, the municipal corporation would earn Rs 18 crore extra through these new properties. These properties also include 24,000 properties identified during the housing survey of no occupancy certificates (OCs) received from the town planning department of NMC.

An official said that the civic body had surveyed all the properties through a private agency and found 59,000 new properties were not under the tax net. These new properties were being used without the Building Completion Certificate (BCCs).

NMC targets Rs 160 crore collection of property tax in FY22 but reduced to Rs 140 crore due to a drop in revenue collection because of the Covid-19 pandemic.

To date, the civic body has collected Rs 120 crore tax and expects to add Rs 20 crore more by the end of FY22.

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Also read: Nashik Municipal Corp to conduct GIS mapping of the entire city

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