Real Estate Nashik

Nashik Property Tax 2025-26: 5% Hike, Green Building Perks

By GeoSquare News Desk · Published 2026-10-28

The Nashik Municipal Corporation (NMC) has introduced a revised property tax structure for 2025-26, bringing a 5% increase in residential zones across the city. The new assessment will directly impact homeowners and developers, making it important to review tax liabilities before the next payment cycle.

What changes for homeowners?

Residential properties in Nashik will see a uniform 5% rise in property tax for the upcoming financial year. The revision is part of NMC’s annual budgeting exercise and is expected to support civic infrastructure spending. Owners of older flats, independent houses and new under-construction units should factor in the higher outgo while planning their finances.

Green buildings get incentives

In a move to encourage sustainable development, NMC has introduced incentives for green-rated buildings. Developers who adopt eco-friendly construction practices and obtain recognised green certification may qualify for tax relief. This is likely to boost demand for green projects and add a premium to environmentally conscious residential developments in Nashik.

What should buyers and investors do?

Prospective buyers should verify the property tax component before purchasing, especially in localities where the 5% hike applies. Investors, too, must account for the increased carrying cost of under-construction and resale properties. With green building incentives in place, choosing certified projects could offer long-term savings on annual municipal taxes.