NASHIK: The standing committee of the Nashik Municipal Corporation (NMC) on Thursday decided to increase property taxes
for commercial establishments by 25% and exempt residential properties
from the tax hike. It also decided to digitalize all properties within
NMC limits and encode them to make tax recovery simplified and increase
its revenue.

The tax hike for commercial establishments will be
in force from the next financial year 2013-14. The administration had
proposed a tax rise for both residential and commercial properties, but
standing committee chairman Uddhav Nimse cancelled the proposal of the
NMC administration to raise house and water taxes for residential
propertiesand gave consent to 25% rise in house and water taxes for
commercial properties.

“We have decided to increase house and
water taxes for commercial establishments from the next financial year,
but residential properties have been exempted from any tax rise.
Besides, commercial tax will be levied on petty businesses run in
residential properties, such as beauty parlours, coaching classes,
tailoring shops, grocery stores, music classes and professional
consulting offices of lawyers, chartered accountants and doctors,” said
standing committee chairman Uddhav Nimse.

“To simplify recovery
of property tax and increase NMC revenue, we have decided to digitalize
all properties within NMC limits. These properties will be given a
coding number and new code numbers will be given to new properties. This
will help make assessment of properties simpler. The digitalization
work will commence in the next few months,” municipal commissioner
Sanjay Khandare said.