Summary:
The general body curtailed the tax hike of at least 40% proposed by the administration to 18%. If no one has appealed, then the municipal commissioner has the right to declare the hike in property tax. However, the notification was not published as the corporators were undecided.“The NMC gets its revenue from property tax, GST, service tax, hoarding, grants, etc. NASHIK: The property tax hike continues to be a contentious issue between the civic administration and the elected representatives in Nashik On Saturday, the civic administration said it would not accept the resolution passed by the Nashik Municipal Corporation’s general body earlier in the week that rolled back the property tax hike. Rule number 7, sub-section 1, states that the municipal commissioner has the right to fix the rateable value for property tax..