Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
The Nashik Municipal Corporation (NMC) has intensified efforts to recover pending property tax dues by issuing notices to defaulters. Over 2,000 notices have already been sent, urging recipients to clear outstanding payments within 15 days. Despite the NMC collecting INR 237 crore so far, it still falls short of its INR 250 crore target. Earlier, the civic body introduced an amnesty scheme offering up to 95% penalty waivers, which led to the recovery of INR 60 crore. However, with over 1.5 lakh defaulters still owing INR 250 crore, the administration is now escalating recovery measures, warning of stricter actions, including property confiscation, for non-payment.
The Nashik Municipal Corporation (NMC) has stepped up efforts to collect unpaid property tax debts as the fiscal year draws to a close. The civic body has started sending notices to defaulters, telling them to pay their debts within 15 days, in an attempt to maximize collections. Advertisement
So far, more than 2,000 defaulters have received notices, but the challenge remains significant, with over 1.5 lakh property owners collectively owing more than INR 250 crore in unpaid taxes. The NMC has registered 5.6 lakh properties under its property tax department and has managed to collect INR 237 crore so far, slightly below its set target of INR 250 crore for the current financial year.
To facilitate tax recovery, the civic body had earlier introduced an amnesty scheme that ran for four months, offering defaulters up to a 95% rebate on penalty amounts. This initiative encouraged over 60,000 property owners to clear their dues, resulting in a waiver of INR 30 crore in penalties and a total collection of INR 60 crore during the scheme's duration. Despite this, a significant number of defaulters opted not to take advantage of the scheme, leaving the NMC with a substantial shortfall.
With many tax payments still pending, the administration has now adopted a stricter stance. Notices are being systematically issued, and officials have stated that those who fail to comply will receive final warnings. If dues remain unpaid, the NMC will proceed with issuing warrants, granting a 21-day deadline for settlement. Property confiscation by the civic body may be the last resort if this ultimatum is not followed.
In previous years, property seizure notices were issued to defaulters, with some cases resulting in actual confiscations. However, the execution of such actions was often delayed due to legal challenges and administrative hurdles, limiting the effectiveness of strict enforcement measures.
There have been instances where the NMC proposed tax hikes, sparking opposition from residents and business owners. Additionally, disputes over tax calculations have led to challenges from property owners who claim inconsistencies in assessments.
The Nashik Municipal Corporation's firm approach to property tax recovery reflects the urgency of meeting its financial targets before the year ends. While the amnesty scheme provided temporary relief and encouraged compliance, a large segment of defaulters remains unresponsive. This development underscores the ongoing challenge of municipal revenue generation and the necessity of timely tax payments for the city's growth and infrastructure development.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
