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In spite of this, due to a strong revenue base in form of taxes, there was a revenue surplus of INR 78 crores and an overall surplus of INR 18.98 crores (including capital account). Revenue income is primarily earned by NMC or for NMC by some external sources. Among own sources, the largest source is octroi (47%) followed by property tax (18%).
nmc.gov.in The Nashik Municipal Corporation ( NMC ), is the governing body of the city of Nashik in the Indian state of Maharashtra . The municipal corporation consists of democratically elected members, is headed by a mayor and administers the city's infrastructure, public services and police.
Once a new area of the city is developed by NIT it is handed back to NMC for maintenance. NMC then recovers the money in form of various taxes from the residents of which two percent is given back to NIT. NIT in turn has the responsibility to provide drinking water and sewage disposal for these areas. [6]
You can view your AOL billing statement on a computer by following the steps below. 1. Go to MyAccount and sign in. 2. In the left navigation menu, click My Wallet | select View My Bill.
Past payment breakdown: Here, you’ll get a glimpse of the progress you’ve made on your mortgage balance. It can include the amount you paid last month and the total so far this year.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
The payment of the property tax is usually made before mid-October. The tax notice is drawn up in the name of the owner who is the only person liable for the property tax. The precise deadline for paying it varies depending on the method of payment chosen. Exemption from property tax. In certain situations the property tax allows exemptions.
At the state level, gross receipts on most types of transactions are taxed at a rate of 5.125%. Local jurisdictions also levy gross receipt taxes at rates that vary around the state. The lowest combined state and local GRT rate, as of 2012–13, is 5.5% in unincorporated Lea County. The highest combined rate is 8.6875%, in Taos Ski Valley.