80,000 Nashik properties to be brought under tax schemes

Jun 27, 2017

Nashik Municipal Corporation (NMC) has involved a New Delhi-based private firm in finding non-assessed properties and identifying a change in use, along with a revision of assessment value of properties. The property survey being carried out by the civic body for the first time since 1999 has identified 40,000 new properties so far and officials estimated that an equal number of properties could be added by the time the survey ends. The additional number of properties would be a boon for the cash-strapped municipal corporation. At present, NMC’s revenue from property tax is Rs 86 crore.

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