NASHIK: The Nashik Municipal Corporation (NMC) has extended the 95% penalty concession to property tax defaulters by a month (until Dec-end). For payments due in Jan next year, an 85% concession will apply.
Previously, the concession in Dec was capped at 85%, but the NMC has increased it to 95% for this month.
This decision was prompted by the response received over the past two months. According to NMC officials, property tax dues are estimated at Rs600 crore, including a Rs268 crore penalty levied on the dues.
NMC levies a 2% penalty every month on the property tax dues. Moreover, it also recovers expenses of notices and warrants issued to the tax defaulters.
NMC officials said they introduced the scheme from Oct 1 this year with a concession of 95% on penalties for those paying their dues until Nov 30.
NMC has so far mopped up Rs57 crore from the property tax defaulters through the amnesty scheme. Around 32,000 defaulters have paid their property tax dues so far, officials said.
In 2021, the civic body introduced the scheme for the property tax defaulters for two months (Oct-Nov) , but it received a poor response from defaulters as it collected only Rs14.86 crore through the amnesty scheme during this period. NMC has set the property tax collection target of Rs250 crore for the current financial year 2024-25.
So far in the current financial year, the civic body has collected over Rs185 crore in property tax, against Rs135 crore during the same corresponding period last financial year.
