NMC is likely to fall short of property tax collection by 32% for the current financial year
Short of property tax collection
It is expected that one of the civic body, Nashik Municipal Corporation (NMC) may fall short of property tax target by 32 per cent in current financial year due to poor response of tax defaulters. Recently, NMC has already issued warrants and notices to the tax defaulters and is planning to confiscate movable and immovable properties from next month.
As per records, civic body had set a target of Rs 110 crore for property tax collection in current financial year. It is recorded that till March 15 in the current fiscal, Nashik Municipal Corporation (NMC) collected Rs 67.65 crore against Rs 65.50 crore during the corresponding period in the last financial year 2013-14. The NMC’s property tax revenue is expected to touch Rs 75 crore by the end of March 31, however while speaking with media channel of the of the official stated that “In current year our property tax collection has increased by 4 per cent to Rs 67.65 crore by March 15 as compared to the revenue during the same period last year. But still we can achieve only 68 per cent of our tax collection target for this financial year as only 15 days are left for the end of the fiscal.”
Property tax collection statics:
For the duration of 2013-2014, the Nashik Municipal Corporation (NMC) had set a property tax collection target of Rs 105.68 crore out of which it collected Rs 71.74 crore and it had collected Rs 62.73 crore during 2012-13. When it comes to different divisions, so there are total 3.80 lakh properties across six divisions of the civic body – 73,108 properties in Nashik East, 40,482 properties in Satpur, 66,205 properties in Nashik Road, 35,529 in Nashik West and 86,871 properties in Cidco divisions.
One of the official of NMC states that “We have taken lawful action against defaulters as we have issued notices and warrants to defaulters to pay their dues by March 31. We will start confiscating movable and immovable properties from April.” According to reports, NMC has issued warrants to defaulters of 2,144 property owners in past two months by giving them an ultimatum of 21 days to pay their dues. Till now 1,000 defaulters have paid full and partial payment amounting to Rs 2 crore, as earlier we were issued a final notice to 30,000 property tax defaulters giving them a deadline of 15 days to pay taxes from the date of issuance of notices.
