Real Estate Nashik

NMC's New Property Tax Plan: What Nashik Homebuyers Must Know

By GeoSquare News Desk · Published 2026-11-01

The Nashik Municipal Corporation (NMC) has released a draft proposal to revise property tax rates for residential and commercial properties across the city. The new structure, based on capital value and usage, is expected to alter annual tax outgo for many homeowners.

Key Changes in the Proposal

Under the draft, property tax will be calculated using the capital value of the property and its usage type. This marks a shift from the earlier system, potentially increasing tax liability for properties in high-value zones such as Ambad and Satpur. The NMC has invited public feedback for 30 days before final implementation.

Impact on Homebuyers and Developers

Homebuyers in Nashik's established localities may see a rise in annual property tax, while developers anticipate improved transparency in tax assessment. The move is part of NMC's broader effort to rationalise revenue collection and fund civic infrastructure projects.

Residents and stakeholders can submit their objections or suggestions to the NMC during the feedback window. The final rates will be notified after considering public input, and will apply from the next financial year.