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Property tax in Nagpur is a form of local tax imposed on real estate properties located within the limits of the Nagpur Municipal Corporation (NMC). It is one of the major sources of revenue for the municipal corporation and is used to fund various civic services and infrastructure development in the city.
Are you interested in knowing important information pertaining to property tax in Nagpur? Look no further. In this article, we will talk about the following:
Table of Contents:
Property owners must pay their property tax in a time to avoid any penalties. Follow these simple steps to pay the property tax online:
Pro tip: Always print out or save the receipt of the payment made. Note: You can also see an option for paying property tax in advance for five years. Note that payment of the advance NMC property tax is optional.
Now, let us explain in detail how you can pay your property tax offline. You can pay your property tax by visiting the nearest municipal ward offices, authorized bank branches, or citizen facilitation centres.
Follow these simple steps to do the same:
Step 1: Visit the nearest ward office. Always check the ward office assigned to your property.
Step 2: Mention your property details, like account number, house number, etc, to the concerned official.
Step 3: You will be provided with the challan, which presents essential details along with the property tax amount.
Step 4: Verify the details and the amount. Then you can make the payment.
Step 5: Always remember to collect the receipt of the payment made.
Follow these simple steps to get your property tax receipt online:
Step 1: Visit the official website of NMC
Step 2: Click on ‘Property Tax’ tab. Then select ‘Check Last Tax Receipt’
Step 3: Enter all the requested details relating to the property.
Step 4: Enter the captcha code and click on search.
Step 5: Your property tax receipt will be displayed instantly.
Municipal Commissioner Radhakrishnan, in his budget for 2023-2024, has announced the ‘Pay Online and Get 5% Rebate Scheme’. Property Owners who pay their tax online will receive a 5% rebate on their property tax.
According to a leading news report, 4598 individuals have paid the property tax online, totaling Rs 19.89 lakh, claiming this benefit. Additionally, these individuals will also be entitled to a 10% rebate on property tax for payments made before June 30, 2023.
Nagpur Municipal Corporation (NMC) passed a resolution on January 5 proposing exemptions on properties measuring 500 sq ft or below. This resolution is likely to benefit more than 2.5 Lakh property owners in Nagpur.
Here is a list of a few tax-exempt properties on which no tax is levied by the Government:
The Nagpur Municipal Corporation (NMC) follows a specific method to determine the property tax amount. Property tax is determined on the following basis:
The following are factors that affect the property taxes levied by NMC:
In simple terms, ALV is the potential rent that the property owner could earn in a year if they rented out the property. Property tax authorities use this notional rental value as a basis for calculating property tax.
Follow these simple steps to calculate the Annual Letting Value:
It is to be noted that the last date for payment of Property Tax in Nagpur is June 30 every year. Failing to do the same will result in a two percent penalty per month on the property tax amount.
In case of any query, feedback, or grievance redressal, you can contact the municipal corporation at the following detail
Address | Nagpur Municipal Corporation, Mahanagar Palika Marg,Civil Lines, Nagpur, Maharashtra, India, Pin: 440 001 |
Telephone | 0712 2567035 |
mconagpur@gov.in, nmcnagpur@gmail.com, nmcngp.media@gmail.com | |
Website | https://www.nmcnagpur.gov.in |
Author Bio
This article is written by Team InsuranceLiya.com, an independent website that writes about insurance, finance, health, and more. Our writers have a wealth of knowledge, experience, and degrees in the fields of insurance, finance, economics, and beyond.
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