NMC brings 30,000 new properties under tax net

Nashik: The civic body has brought in around 30,000 new properties under the tax net for the current financial year.The total number of registered properties under the Nashik Municipal Corporation has now gone above 6 lakh. According to a civic official, property tax has been levied on these newly identified properties from the current fiscal. "In addition, owners of these properties were asked to pay tax for a minimum of previous two financial years or from the year in which construction of the property began," the official said."This retrospective assessment has helped the NMC generate an additional Rs30 crore for the past two years. With these properties now brought under the formal tax system, the civic body expects to earn an additional Rs15 crore every year from these new units," the official added.The NMC has been conducting field surveys to locate properties that were occupied or in use but had never been assessed for taxation. Teams from the property tax department have been visiting different localities to identify unregistered constructions and bring them under the tax ambit. Get the latest lifestyle updates on Times of India, along with Holi wishes, messages and quotes !