{"id":2596,"date":"2021-08-11T16:24:09","date_gmt":"2021-08-11T16:24:09","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=2596"},"modified":"2021-08-12T05:20:59","modified_gmt":"2021-08-12T05:20:59","slug":"nagpur-civic-body-implements-5-rebate-on-property-tax-w-e-f-july-1","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/nagpur-civic-body-implements-5-rebate-on-property-tax-w-e-f-july-1\/","title":{"rendered":"Nagpur civic body implements 5% rebate on property tax w.e.f. July 1"},"content":{"rendered":"\n<p><em>In positive news, Nagpur civic body implemented a 5% rebate on all <a href=\"https:\/\/www.propertypistol.com\/blog\/all-about-maharashtra-stamp-duty-and-registration-charges\/\">property taxes<\/a> that helped increase tax payments. <\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The decision has been long pending due to the ongoing pandemic. <a href=\"https:\/\/www.propertypistol.com\/blog\/the-nmc-has-offered-10-rebate-for-paying-property-taxes-before-30th-june\/\">Nagpur Municipal Corporation (NMC)<\/a> implemented a 5% rebate in property tax. It is likely to benefit more than 51,000 taxpayers falling under NMC. The rebate shall come into effect from July 1 onwards.<\/p>\n\n\n\n<p>Previously, taxpayers have also benefited from a 10% rebate by NMC between April 1 and June 30. However, the council meeting held on July 22 suggested the rate must be kept at 5% for all real estate taxpayers. In general tax, the rebate ranged between 2-4% depending upon multiple factors that only lasted for a short while. However, this time the story had a different end.<\/p>\n\n\n\n<p>Addressing the media, NMC Commission said, \u201c Timely tax payment is good for us (the government) as well as taxpayers themselves as we can focus on the welfare of the city and its people. <a href=\"https:\/\/www.propertypistol.com\/blog\/covid-19-and-its-ongoing-impression-on-the-construction-industry\/\">COVID-19 pandemic<\/a> has caused significant financial losses to almost everyone. The 5% rebate approved in the council meeting will be helpful while paying property tax.\u201d<\/p>\n\n\n\n<p>Adding to the address, he said, \u201cThe 10% rebate previously given to the people has encouraged them for timely payment. It is the reason why we have decided to extend it. We would like to incentivise each <a href=\"https:\/\/propertypistol.com\/\">property<\/a> tax payment and acknowledge timely tax payments.\u201d<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.propertypistol.com\/blog\/nagpur-civic-body-implements-5-rebate-on-property-tax-w-e-f-july-1\/#What_went_behind_the_curtains\" title=\"What went behind the curtains?\">What went behind the curtains?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.propertypistol.com\/blog\/nagpur-civic-body-implements-5-rebate-on-property-tax-w-e-f-july-1\/#Furthering_the_process\" title=\"Furthering the process\">Furthering the process<\/a><\/li><\/ul><\/nav><\/div>\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_went_behind_the_curtains\"><\/span><strong>What went behind the curtains?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>When a 10% rebate was introduced in April 2021, it benefitted around 51,000 people and helped collect 28 crores in tax collection until June 30. The rebate amount was calculated to be around 2 crores. As several taxpayers could not get demand notes, they were left behind. To cover this, the Nagpur civic body decided to keep a 5% rebate for all and help people further.<\/p>\n\n\n\n<p>However, demand note distribution was delayed for 2021-22, which was to be distributed among 6 lakh taxpayers. Nagpur civic body published and gave 5.75 lakh people the demand notes by the end of May. On a zonal level, over 3 lakh taxpayers have received demand notes. The process will remain in force until all taxpayers receive their designated demand notes.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Furthering_the_process\"><\/span><strong>Furthering the process<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>The Commissioner of Nagpur Municipal Corporation told the local media and people that the distribution was delayed due to the pandemic. Besides, the private agency involved in the process was dismissed for slowing the pace.&nbsp;He said that the NMC staff has now been directly involved in the distribution process who are offering door to door service.&nbsp;For the corresponding period in the previous fiscal year, Nagpur civil body collected revenue of \u20b947.5 crores wherein the current demand raised \u20b929.38 crores and the remaining was collected as arrears.&nbsp;<\/p>\n\n\n\n<p>Even though there is no mention of a 5% rebate on the distribution notes, the collection and response of people have been positive.<\/p>\n\n\n\n<p style=\"font-size:12px\"><em><strong>Disclaimer:&nbsp;<\/strong>The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information<\/em>.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In positive news, Nagpur civic body implemented a 5% rebate on all property taxes that helped increase tax payments.<\/p>\n","protected":false},"author":2,"featured_media":2610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[35],"tags":[108],"class_list":["post-2596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-property-tax","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nagpur civic body implements 5% rebate on property tax w.e.f. 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