Nashik Property Tax: Rates, Rebates & Online Payment
How Nashik Municipal Corporation (NMC) assesses residential property tax, what you owe, the rebates worth grabbing, and how to pay online.
How Nashik calculates property tax
Tax = carpet area × Ready Reckoner rate × building-type factor × floor factor × age depreciation (up to 40%) × the tax rate, plus fire tax, education cess, and sanitation cess. Sources describe both rateable-value and capital-value framings — the portal computes from your property record.
Residential rates: Indicative third-party figures: ~0.35% of capital value for self-occupied residential, 0.55% rented, 0.90% commercial (not confirmed on the official portal). Ready Reckoner rates rose 7.31% in FY 2025-26.
Rebates & due dates
Early payment: 8% off for paying the full year in April, 6% in May, 3% in June, plus 1% extra online. Final due date 30 June. Category concessions for women, ex-servicemen, and seniors are reported but not detailed officially.
Late-payment penalty
2% per month on outstanding dues after the due date.
Exemptions
Educational institutions and persons with disabilities; verify category concessions with NMC.
Recent change: From 1 April 2026: ~2% increase on new properties, and rented properties now attract a 30% surcharge (replacing the earlier double taxation).
Pay online
Pay directly on the official NMCportal — you'll need your property identification number (printed on any previous receipt or demand notice).
Official NMC property-tax portal →Frequently asked questions
How is property tax calculated in Nashik?+
Nashik uses the Rateable value (capital-value-linked factors). Tax = carpet area × Ready Reckoner rate × building-type factor × floor factor × age depreciation (up to 40%) × the tax rate, plus fire tax, education cess, and sanitation cess. Sources describe both rateable-value and capital-value framings — the portal computes from your property record. Current residential rates: Indicative third-party figures: ~0.35% of capital value for self-occupied residential, 0.55% rented, 0.90% commercial (not confirmed on the official portal). Ready Reckoner rates rose 7.31% in FY 2025-26.
How do I pay Nashik property tax online?+
Pay on the official NMC portal (linked on this page) using your property identification number — have last year's receipt handy for the ID. Most portals accept UPI, net banking, and cards, and issue an instant e-receipt. Early payment: 8% off for paying the full year in April, 6% in May, 3% in June, plus 1% extra online. Final due date 30 June. Category concessions for women, ex-servicemen, and seniors are reported but not detailed officially.
What happens if I pay Nashik property tax late?+
2% per month on outstanding dues after the due date.
Who is exempt from property tax in Nashik?+
Educational institutions and persons with disabilities; verify category concessions with NMC.
Is property tax deductible from income tax?+
Yes, for let-out property: municipal taxes actually paid during the year are deducted from gross annual value when computing income from house property. For self-occupied property there's no separate deduction, but paying it keeps your municipal records clean for any future sale.
Sources
Verified July 2026. Municipal rates and rebate windows change every budget cycle — confirm on the official portal before paying.