18% drop in property tax collection in April despite higher rebate offered by Nashik Municipal Corporation
Nashik: The civic body's
property tax collection
in the first month of the new financial year has declined by 18% to around Rs45 crore. This is compared to Rs55 crore property tax collected during April last year.
The decline occurred despite a higher rebate of 8% offered by
Nashik Municipal Corporation
(NMC) to those who pay their annual property tax in one stroke in the first month of
FY 2025-26
.
Moreover, those paying off the entire annual property tax in May and June are also to be given 6% and 3% rebates, respectively.
Further, NMC has introduced an additional 2% concession for those paying property tax online during the April-June period of the current fiscal.
Civic officials said that last year, they sent messages to taxpayers to avail of the tax rebates. Employees of the property tax department also visited houses of taxpayers to inform them about the rebates. This yielded positive results, as NMC collected Rs55 crore in property tax in April 2024.
This year, private agencies have been deployed for the distribution of property tax bills to the taxpayers from the beginning of the ongoing fiscal. Hence, department employees did not send messages to
property taxpayers
, which they claim led to a drop in the collection.
"However, we are making efforts to appeal to all taxpayers to pay their annual tax in May and avail of the concessions. We are also planning to maintain the 8% rebate in May. The decision will be taken in a day or two," said an NMC official.
In FY 2024-25, NMC collected Rs256 crore in property tax in total, even though the property tax collection target was Rs250 crore. NMC has set the property tax collection target of Rs275 crore for the ongoing FY 2025-26.
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