Property tax rises in Nagpur
Here is some shocks for Nagpurians in store. If the revaluation of property tax, which started last year, is anything to go by, people of the Orange City have to cough up property tax two to five times more than the present one, and in some cases it can go up to even 10 times.
Now, it will be a big challenge for Nagpur Municipal Corporation (NMC) and its officials to tackle the public outcry when the demand notes of the hiked property tax will reach to all six lakh taxpayers.
Launching the new property tax system, the NMC office-bearers had claimed that tax amount will not increase by 25%. TOI had time and again reported about the chances of steep hike in property tax in the new system. One of the major reasons behind the hike is that the new system is based on ready reckoner value of properties.
The Nagpur Municipal Corporation (NMC) started the new tax system five years ago but the revaluation drive of properties started last year. The drive has so far covered around 4.3 lakh properties out of total six lakh.
According a data, a copy of which is with TOI, the NMC property tax department has completed a lengthy process and prepared demand notes of around 2.23 lakh properties. The process to distribute demand notes has been started about a couple of days back.
As per data of around 2.23 lakh properties, the property tax amount has increased by two to five times from the existing amount. The NMC is expected to complete the revaluation drive by November and distribute demand notes to all six lakh taxpayers by December end.
NMC official from property tax department told TOI that the tax amount had been finalized after making assessment register public, and also ensuring suggestions and objections from taxpayers. “Assessment register has been prepared for the first time in the civic body’s history. The process has been adopted to maintain transparency. Each and every details of the properties have been captured in camera and also taken on the records,” he said.
The official further said the tax of the properties located in old localities have increased to a great extent. “Major reason behind hike in the tax is assessment of excess area. Changes like increase in built-up area, user change, tenant occupancy etc have been witnessed in large number of properties,” he said.