Home › Articles › Nashik Property Tax: Comprehensive Guide for Property Owners

Nashik Property Tax: Comprehensive Guide for Property Owners

Property tax is a crucial levy imposed on property owners by municipal authorities to fund the maintenance and development of local civic amenities such as roads, sewage systems, parks, and street lighting. In Nashik, the Nashik Municipal Corporation (NMC) is responsible for the assessment and collection of property taxes. As of the 2024 financial year, NMC reported a collection of ₹60 crores in property taxes, an increase from ₹50 crores in the previous year. How to Pay NMC Property Tax Online NMC offers a streamlined online process for property tax payments. To pay your property tax online, follow these steps: Access the NMC Website: Navigate to the official Nashik Municipal Corporation website at nmc.gov.in . Navigate to Property Tax Section: On the homepage, click on the 'Property Tax' option under the 'E-Services' section. Enter Property Details: Input your 8-digit property index number and click 'Submit'. For 7-digit index numbers, insert a '0' after the third digit. citeturn0search0 Review Tax Details: The system will display your property tax details. Verify the information for accuracy. Proceed to Payment: Click 'Pay Now', enter your email, mobile number, and the payment amount. Agree to the terms and conditions, then select 'Pay Now' to proceed. Complete Payment: Choose your preferred payment method (credit/debit card, net banking, or digital wallets) and complete the transaction. Download Receipt: After payment, click on 'View Receipt' to download or print your payment confirmation for future reference. Important Dates and Penalties The deadline for property tax payment in Nashik is June 30, 2024. Payments made after this date incur a penalty of 2% per month on the outstanding amount. Rebates and Exemptions NMC offers rebates to encourage timely payments: April 2024: 8% rebate May 2024: 6% rebate June 2024: 3% rebate These incentives aim to reward property owners who settle their taxes promptly. Offline Payment Options For those preferring offline methods: Visit NMC Office: Go to the nearest NMC office or authorized payment center. Provide Property Details: Present your property tax bill and necessary identification. Make Payment: Payments can be made via cash, cheque, demand draft, debit/credit card, or UPI. Collect Receipt: Ensure you receive a payment receipt for your records. Accessing Property Tax Forms To download necessary forms: Visit NMC Website: Go to nmc.gov.in . Navigate to Downloads: Click on the 'Downloads' section from the main menu. Select Tax Department Forms: Choose the relevant form, such as Property Tax Reduction Form or Registration of Property on Demand Register. Checking Defaulter List To view the list of defaulters: Access Property Tax Portal: On the NMC website, select 'Property Tax'. Click on Defaulter List: Choose the 'Defaulter List' tab. Search for Details: Select your division and search by the desired parameter or view the entire list. Completion Certificate List To view completion certificates: Navigate to Property Tax Section: On the NMC website, click 'Property Tax'. Select Completion Certificate List: Choose the appropriate tab. Search by Zone: Select your zone to view relevant certificates. Contact Information For assistance: Address: Nashik Municipal Corporation, Rajiv Gandhi Bhavan, Sharanpur Road, Nashik, Maharashtra. Phone: 0253-2575631/2/3/4 Commissioner's Office: 0253-2578206, 2575607 Email: commissioner@nmc.gov.in Recent Updates In the 2025-26 fiscal year, NMC introduced a budget of ₹3,051 crores, marking an increase of ₹450 crores from the previous year. Property tax rates have been revised, with a 2% increase for commercial and new residential properties, and industrial property taxes rising from ₹13.2 per sq. meter to ₹19.8 per sq. meter. Development charges for new constructions have also been increased from ₹105 per sq. meter to ₹350 per sq. meter, effective from April 1, 2025. Additionally, NMC plans to implement a new assessment system for rental properties, potentially reducing the current tax rates of 2x for residential and 4x for commercial rental properties.