The Nagpur Municipal Corporation (NMC) on March 01, 2024, notified regarding the property tax rates.
The following has been stated namely: -
• It states that according to the Annual Letting Value (ALV), the property tax has been calculated using property tax rates for each financial year.
• It states that the Property Tax rates were implemented on April 01, 2015, and the same is still unchanged.
• It states Property Tax rates of General tax, Sewerage tax, Sewerage benefit tax, Water tax, Water benefit tax, Fire service tax, Light tax, Street tax, Municipal Education tax, and Tree tax for the FY 2023-24.
• It states Special Conservancy Tax is to be imposed on properties like Hotel, Restaurants, Lawn, Celebration Hall, Hospital, etc. for the FY 2023-24.
• It states State Government Tax of Govt. Education tax (residential), Govt. Education tax (non-residential), Employment Guarantee Cess (E.G.S. Cess) (only for Non-Residential Properties), and Tax on Larger Residential Properties for the FY 2023-24.
Kindly refer to the attached document for the rate of taxes as per ALV.
