The Times of India             13.02.2014

Nashik Municipal Corporation gives 20,000 property owners 5 days to pay taxes

NASHIK: The civic administration has sent notices to 20,000 property tax defaulters in the city, giving them a five-day period to pay up. These property owners are from across the six divisions of the Nashik Municipal Corporation (NMC).

An NMC official told TOI, "The movable and immovable properties of the defaulters would be confiscated if they failed to pay the tax even after receiving the notices." The NMC had also sent a notice on February 2, warning that properties would be confiscated if the taxes were not paid.

The Nashik Municipal Corporation (NMC) has made property tax payment mandatory by December 31. Owners who did not pay by then were to be penalized at the rate of 2% per month or 24% per year on the total tax amount.

The NMC would earlier send property tax bills for the entire financial year, but has introduced a half-yearly system in the fiscal year 2013-14. The bills for both the periods - April 1 to September 30 and October 1 to March 31 - were sent to property owners this year.