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Property Tax Nashik Guide: NMC Tax Online Payments Overview

Dec 12, 2023
Property Tax Nashik Guide: NMC Tax Online Payments Overview

Did you know that property owners have to pay a tax to their local government for the privilege of owning land and buildings? This fee, known as property tax, helps pay for essential things like education, infrastructure, and public services.

The total amount you owe depends on the value of your property and the tax rate set by the government in that area. This tax applies to all properties, including residential, commercial, etc.

The Nashik Municipal Corporation (NMC) has taken a great initiative by introducing online payment facilities for property tax payments. This step has made the entire process more convenient and efficient for property owners. Property owners can now pay their dues from the comfort of their homes, reducing the time and effort required for tax payments and making the process more transparent and accessible.

This article will discuss the steps involved in paying NMC tax, its calculation, rebates, and the latest updates.

How to Pay Nashik Property Tax Online?

You can follow these steps to pay the Nashik municipal corporation property tax online:

Visit the NMC Website:

Go to the official NMC website here.

Property Tax Section:

Head to the ‘Online Services’ tab. A section, ‘Property Tax’, will be visible on the homepage. Select this option and proceed.

Property Tax Payment Portal:

Go to the property tax portal by clicking on the relevant link.

Property Identification Number (PIN):

Enter your estate's Property Identification Number (PIN) to proceed with the payment.

Select Payment Method:

NMC offers a variety of payment options, including net banking, digital wallets, or credit/debit cards. Select the option that is convenient for you.

Enter Property Details:

Provide details pertinent to your property, i.e.,  type, building age, built-up area, and other details.

Calculate Tax Amount:

The property tax calculator on the portal will determine the total amount to be paid based on your present taxes and property information.

Verify and Confirm:

Confirm the payment only after carefully reviewing the data entered in the portal.

Payment Acknowledgment:

The portal will provide you with an acknowledgment receipt upon successful payment.  Do remember to keep this receipt safe for later reference.

How to Calculate Nashik Property Tax?

To determine the house tax in Nashik to be paid, various factors such as property type, built-up area, floor factor, type of building, etc. are considered. Additionally, you can use a property tax calculator, enter the requisite information, and get an estimate for the tax amount to be paid for the respective components. The E-bill section will display the final amount before you pay.

Nashik Property Tax: Exemptions, Rebates, Concessions

Property owners in Nashik can now receive discounts on their property tax if they pay the total amount in full. Over 1,50,000 taxpayers made the most of this rebate in April 2023, contributing a substantial sum of INR 50 crore towards their property tax.

To further incentivize taxpayers, the civic body has now introduced additional discounts for those who choose to pay their annual property tax in full.

Month/Year Deduction percentage
April 2023 8%
May 2023 6%
June 2023 3%

Nashik Property Tax: Last Date

According to the latest rules, the last date to pay your Nashik Mahanagar Palika property tax is June 30, 2023. The inability to do so by the due date can subject the taxpayer to a two percent penalty charge.

Nashik Property Tax: Latest Updates

In May 2023, the Nashik Municipal Corporation gathered an impressive amount of INR 50 crore through an attractive eight percent discount for timely property tax payments until April 2023.

This figure marks a significant increase from the previous year's April collection of INR 22 crore. In response to this remarkable success, the civic body introduced a six percent rebate for May and a three percent rebate for June 2023.

The aim is to reach a cumulative total of INR 100 crore in property tax revenue by the end of June, hoping this will incentivize more compliance from taxpayers.

NMC Contact Details

Here are the contact details of the NMC for reference:

  • Office of the Commissioner:

Landline Number: (0253) 2578206,(0253) 2575607

E-Mail ID: [email protected]

  • Additional Commissioner 1:

Landline Number: (0253) 2222611

E-Mail ID: [email protected]

  • Additional Commissioner 2:

Landline Number:  (0253) 2222613

E-Mail ID: [email protected]

Conclusion

In conclusion, the ease of payments through the Nashik Municipal Corporation House Tax online portal offers residents a simple and efficient way to fulfill their civic duties. In addition to embracing these online platforms for property tax payments, residents are encouraged to explore additional financial avenues that can enhance their overall civic experience, such as opting for SMFG Grihashakti home loans. With competitive interest rates, flexible repayment terms, and quick loan approvals, we ensure that your property-related endeavors align with our commitment to the sustained development of Nashik's infrastructure.

FAQ's

What are the accepted modes of online payment for Nashik property tax?

The accepted modes of online payments include:

  • Credit/Debit Cards
  • Net Banking
  • Digital Wallets
Is paying NMC Nashik property tax online mandatory, or can I pay it offline?

If paying online is not an option, you always have the option of visiting the closest NMC office or designated centers to pay your NMC property tax.

How much property tax did NMC collect in 2022-23?

With the diligent efforts of the NMC officials, a total of INR 188 crore was collected as property tax in 2022-2023

What is the NMC property tax collection target for FY 2023-24?

For FY 2023-24, a collection of INR 210 crore worth of property tax is projected.

Who will pay property tax in case of joint ownership over property?

When multiple individuals own a property together, they share the responsibility of paying property taxes. In other words, each owner is jointly and severally liable for ensuring the property tax payments are made on time. This arrangement helps ensure that all parties involved in the joint ownership are held accountable for their fair share of the tax burden.

Can we download property cards online in Maharashtra?

You can easily download the property card after filling in the requisite property details on the Mahabhumi portal.

Is an Aadhaar card mandatory for property registration in Maharashtra?

Yes, an Aadhar card is compulsory for registering property in Maharashtra.

How can I get a property number in Mumbai?

To get a property card in Mumbai, you can apply online on the Mahabhumi portal at https://mahabhumi.gov.in/, go to the ‘Property Card Apply Online’ section, and follow the instructions there. Alternatively, you can even visit the MCGM office in Mumbai. Do remember to carry all essential documents.


Disclaimer: *Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you wish to know more about our products and services, please contact us.

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