FCC

Nashik Civic body targets BCC buildings for Property Tax

2023-08-18

The Nashik Municipal Corporation (NMC) is taking measures to ensure that buildings with a Building Completion Certificate (BCC) are brought under the property tax net. The property tax department of NMC, in collaboration with the town planning department, will inspect buildings to determine if property tax has been levied on those with a BCC. Although occupants are expected to apply for property tax upon receiving their BCCs, many have not done so. Approximately 30,000 properties have obtained BCCs in recent years without applying for property tax. The NMC aims to increase its property tax base from 5.20 lakh properties to 5.50 lakh in the coming months. This initiative is expected to boost the civic body's revenue by an additional Rs 15 crore annually. For the fiscal year 2023-24, NMC has set a property tax collection target of Rs 210 crore.