The Times of India        09.10.2014  

NMC links BCC with property tax to boost revenue

NASHIK:
After linking property tax with the Building Completion Certificate
(BCC), the Nashik Municipal Corporation (NMC) has added 1,790 new
property-holders to the list of the property tax payers in the first
half (April 1 to September 30) of the 2014-15 financial year.

With an aim to increase the revenue through property tax, the civic
administration has taken some measures for the purpose. As part of this,
the NMC connected both the town planning and the property tax
departments to share information of BCC last year. Accordingly, the town
planning department immediately informed the property tax department to
give BCC to any building in the municipal limit. As a result, the
municipal corporation has added new property holders on its list of
property tax payers at large.

Speaking to TOI, “As per the
norms, the property-holders have to pay property tax once they get the
BCC from the town planning department of NMC. Hence, we have linked the
BCC with the property tax from the current financial year. This has
helped us charge the property tax from the newly constructed buildings
once we get information of BCC from the town planning department. In the
first half of 2014-15, we added 1,790 properties to the property tax
list.”

By March 31, there were 1.79 lakh properties on the
property tax list. With the new addition of 1,790 properties in the
first half of the current financial year, the total number of properties
has reached 3,80,790. This included 73,183 properties in Nashik East,
35,645 in Nashik West, 77,999 in Panchavati, 66,446 in Nashik Road,
40,530 in Satpur, 86,987 properties in the Cidco division of the
municipal corporation.

The NMC has set property tax collection
target of Rs 110 crore for the current fiscal year and collected Rs 36
crore in the first half of the current financial year. Last financial
year (2013-14), the NMC had collected property tax of Rs 71.74 crore.