Dedicated locality research platform
Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
The Nashik Municipal Corporation (NMC) is embarking on a mission to inspect every commercial property within its jurisdiction, aiming to ensure that property owners of such establishments fulfil their property tax obligations. An NMC official revealed that a segment of commercial property owners was slipping through the cracks by not paying property taxes, primarily because their establishments lacked registration with the civic body. In response to this issue and as part of broader revenue enhancement strategies, the property tax department has devised a plan to pinpoint these unregistered properties through forthcoming inspections.
Furthermore, the NMC is contemplating the launch of comprehensive property surveys across the city. This strategic move will serve multiple purposes. It will empower the civic body to identify underutilized properties that have been evading tax payments, which in turn will augment revenue streams. Furthermore, these surveys will allow for precise calculations of the total area that current properties occupy. They will also expose any unauthorized construction or alterations that have taken place without prior notification to the civic authorities.
The NMC currently initiates property tax collection when property owners secure Building Completion Certificates (BCCs) for their residential or commercial properties. However, a significant number of properties are put into use without the acquisition of BCCs, leading to tax evasion. Recognizing this gap, the property tax department is poised to extend taxation to encompass these cases where properties are in operation without valid BCCs. The NMC's proactive stance aligns with its commitment to ensuring that all property owners, especially those in the commercial sector, fulfil their property tax obligations.
By addressing the issue of unregistered establishments and underutilized properties, the NMC anticipates a notable increase in its revenue, bolstering its ability to provide essential services and support urban development initiatives effectively. As cities continue to grow and evolve, municipal authorities must stay vigilant in ensuring that all properties contribute their fair share to the community's well-being through property tax payments. This initiative not only enhances revenue but also fosters equity and compliance within the city's property landscape.
In conclusion, the Nashik Municipal Corporation's proactive approach to property tax compliance demonstrates its dedication to effective governance and fiscal responsibility. By inspecting commercial properties and conducting citywide surveys, the NMC aims to create a fair and transparent property tax system that benefits both the city and its residents. This innovative strategy is a testament to the NMC's commitment to enhancing its financial resources and fostering responsible urban development.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
