Nashik Seeks Maharashtra Govt’s Guidance to Revoke or Adjust Tax Hike
The Nashik Municipal Corporation (NMC) has sent a proposal to the Maharashtra government to reduce property tax rates by 25% and non-residential rates by 50%. The commissioner is now seeking further guidance to either cancel or adjust the unjust tax hike.
NashikProperty TaxTax HikeNmcMaharashtra GovernmentReal Estate MaharashtraOct 09, 2024
Ashok Karanjkar, the Commissioner of NMC, said, \
Frequently Asked Questions
What is the current issue with property taxes in Nashik?
The current issue is a fivefold increase in property taxes that was implemented in 2018, causing significant discontent among residents of Nashik. The Nashik Municipal Corporation (NMC) has been seeking guidance from the Maharashtra government to address this issue.
What steps has the NMC taken to address the issue?
The NMC has sent a proposal to the Maharashtra government to reduce property tax rates by 25% and non-residential rates by 50%. They are also seeking further guidance to either cancel or adjust the unjust tax hike.
How have political parties responded to the tax hike?
Political parties have taken an aggressive stance against the tax hike, demanding its cancellation. A petition was also filed in court, but no resolution has been reached yet.
Why is the issue of property taxes significant in the upcoming Assembly elections?
The issue of property taxes is significant in the upcoming Assembly elections because it has been a source of widespread discontent among residents. The ruling party and opposition are likely to use this issue to garner support from the electorate.
What is the current role of the NMC Commissioner in addressing the tax hike?
The NMC Commissioner, Ashok Karanjkar, is seeking guidance from the Maharashtra government to cancel or adjust the unjust tax hike. The commissioner is also overseeing the submission of proposals to reduce property tax rates.
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