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The Nashik Municipal Corporation has successfully collected INR 66 crore in property tax arrears through a recently concluded amnesty scheme, raising its total property tax collections for the year to INR 208 crore. Around 86,000 property owners settled outstanding dues and benefited from penalty rebates totaling INR 22 crore, with waiver rates ranging from 85% to 95%. Despite a temporary slowdown in recovery due to staff being assigned election duties, officials remain confident of achieving the full-year target of INR 275 crore by intensifying follow-up actions and recovery drives.
The Nashik Municipal Corporation (NMC) has recovered INR 66 crore from property tax defaulters under its amnesty scheme, which ran over four months in the past financial period. This collection has significantly contributed to the corporation's overall property tax revenue, which now stands at INR 208 crore for the ongoing year, bringing it closer to the annual target of INR 275 crore. Advertisement
Under the scheme, property owners with outstanding taxes were offered relief on accumulated penalties. Those who paid their dues in full received a waiver ranging from 85% to 95% on penalties, prompting about 86,000 property owners to take advantage of the scheme. The total penalty relief granted amounted to around INR 22 crore. Officials noted that similar amnesty initiatives in previous years also encouraged compliance and helped improve tax collections.
Typically, penalties for overdue property tax are charged at 2% per month, along with additional costs for notices and legal actions during recovery. By offering a structured waiver scheme, the NMC was able to expedite payments from defaulters while minimizing administrative burden. The corporation has highlighted that effective communication and reminders played a key role in encouraging property owners to clear their dues.
Despite recent delays in recovery due to staff being temporarily assigned to election duties, officials are confident that the remaining INR 67 crore required to meet the year-end target can still be collected. The NMC has planned a focused recovery drive for after the elections, which will include follow-ups with defaulters and regular monitoring of pending accounts.
The corporation manages tax assessments and collections for around 6 lakh properties across six municipal divisions. Authorities emphasized that consistent monitoring, combined with structured schemes like the recent amnesty, has proven effective in increasing compliance rates and strengthening municipal revenues.
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