Nagpur Municipal Corporation Faces Property Tax Revenue Drop Amid Compliance Issues The Nagpur Municipal Corporation (NMC) has experienced a significant decline in property tax revenue for the fiscal year 2025-26, despite an increase in the number of properties under its jurisdiction. The civic body collected Rs252.66 crore in property taxes so far, marking a sharp drop from Rs306 crore in the previous fiscal year (2024-25), when it achieved 94% of its Rs325 crore target. This decline highlights systemic challenges in compliance and recovery, as the NMC now faces a critical shortfall in its primary revenue source. The total number of properties registered under the NMC has risen to 8,36,842, yet only 4,60,094 property owners have paid taxes, leaving a staggering 3.76 lakh properties either in default or outside the tax net. Property tax remains the largest contributor to the NMC’s revenue, making the shortfall a severe financial strain on the cash-strapped civic body. For 2025-26, the department initially aimed to collect Rs350 crore, but this target was later revised upward to Rs400 crore, further widening the gap between expectations and actual collections. Officials cited the civic election cycle as a contributing factor to the slowdown. During peak collection months in December and January, most zonal teams were diverted to election preparation and poll-related duties, disrupting routine recovery operations. An official noted that in January 2024, the NMC collected around Rs30 crore, but this year’s collections dropped drastically to just Rs6 crore. The breakdown of collections reveals uneven performance across different zones. Laxmi Nagar, the best-performing zone, has 62,437 taxpayers out of 93,402 properties, contributing Rs33.27 crore. Dharampeth follows with 33,872 payers and Rs22.#nagpur #property_tax #nagpur_municipal_corporation #nmc #compliance_issues
Pay Property Tax by March 31 to Avoid Higher Penalty: Mohali Municipal Corporation The Mohali Municipal Corporation has set March 31 as the final deadline for paying property tax for the fiscal year 2025-26, along with a 10% penalty. Citizens who submit their payments after this date will face a 20% penalty and an additional 18% interest charge. The corporation urged residents to complete their tax payments promptly to avoid these extra costs. Residents who have not yet registered their property IDs are advised to apply immediately by submitting the required documents to the property tax branch of the Municipal Corporation. The tax branch will remain open from 10 a.m. to 4 p.m. on March 31, ensuring convenience for those who need to make payments on the last day. The Municipal Corporation emphasized the importance of timely tax contributions for the city’s development. MC Joint Commissioner Jasjit Singh highlighted that property tax serves as a critical revenue source for funding essential services such as road improvements, street lighting, park maintenance, and cleanliness initiatives. He appealed to citizens to support the city’s growth by adhering to the payment deadline. The corporation also reminded residents of the consequences of delayed payments, stressing that penalties will increase significantly after March 31. This measure aims to encourage compliance and ensure the municipal budget remains sufficient to address infrastructure and public service needs. Residents are encouraged to visit the property tax branch or use available online portals to complete their payments before the deadline. The corporation reiterated its commitment to maintaining the city’s infrastructure and improving living conditions through timely tax collection.#property_tax #municipal_corporation #mohali_municipal_corporation #jasjit_singh #mohali
Pay property tax by March 31 or face penalty: Ludhiana MC tells residents Officials said taxpayers will have to pay a 20 per cent penalty along with 18 per cent annual interest if the property tax is not cleared after the deadline. The municipal corporation emphasized that failure to settle the dues by March 31 will result in additional financial burdens for property owners. The notice was issued to ensure timely collection of taxes and to prevent the accumulation of arrears. Residents are advised to settle their outstanding property tax obligations before the specified deadline to avoid the imposition of penalties. The municipal authorities reiterated that the payment of property taxes is a civic responsibility and urged all property owners to comply with the regulations.#property_tax #penalty #residents #ludhiana_mc #municipal_corporation
Homeowners in these 20 states have the lowest property tax rates in the US. See how the states rank. Homeowners in these 20 states pay the lowest property tax rates in America. See how each state ranks and how much you'd owe at the median home value. #states #lowest_property #property_tax #tax_rates #Homeowners #lowest #property
