As a property owner, your property tax payments contribute to the development of your city and the maintenance of its infrastructure. Your property tax payments have the added advantage of empowering you to address your financial needs through a loan against property.
Property owners in Nashik can easily fulfil their civic responsibility by utilising the online payment facility available for Nashik property tax payments. Doing so solidifies their commitment to the city’s future. Moreover, it allows them to explore another dimension of property ownership - utilising their property to meet financial requirements.
Key components of property tax in Nashik
Several factors inform the calculation of Nashik property tax. These include:
- Location: Properties located in developed areas generally attract higher tax rates.
- Size and construction: Larger properties typically have higher tax rates. Other considerations include whether it's a single or multi-storeyed property.
- Type: Residential properties generally have lower tax rates than commercial and industrial properties. This is because commercial and industrial properties have higher potential income generation capabilities.
- Age: Older properties might have different property rates compared to newly-built ones due to depreciation over time.
- Occupancy: Whether the property is owner-occupied or rented out also influences the Nashik property tax owed on it.
Methods to calculate property tax in Nashik
When calculating Nashik property tax, the formula employed considers such factors as:
- Whether the property is residential, commercial, or industrial
- What the total built-up area is
- The base value of the property
- The age of the property
- Whether the property is single or multi-floored
- The occupancy status of the property
Exemptions and deductions in Nashik property tax
Senior citizens, persons with disabilities, and educational institutions, among other categories of property owners, are eligible for certain exemptions. Furthermore, there are rebates that have been introduced for property owners who pay their Nashik property tax in full at once.
How to pay property tax in Nashik online
Nashik property tax payments online are a simple and straightforward process. Simply navigate to the official Nashik Municipal Corporation website and locate the property tax payment section. Once there, enter your property assessment number in the provided field to check the amount due. Proceed to pay via your preferred payment method and complete the transaction securely.
Advantages of paying property tax
Apart from supporting local infrastructure development and community growth, your property tax payments enhance your property value and help you avoid legal complications. This allows you to both enjoy peace of mind and leverage your property’s value when you are most in need of funds.
Benefits of loan against property
A loan against property from a Bajaj Finance can be a versatile solution for a variety of financial needs. Whether you’d like to go on an international vacation, fund a wedding or your child’s higher education abroad, or expand your business, a Bajaj Finserv Loan Against Property has got you covered.
Depending on the value of your property, you can unlock substantial funds of up to Rs. 10.50 crore* and competitive interest rates, making it more affordable and manageable. The longer repayment tenures extending up to 15 years* provide flexibility while ensuring easier budgeting.
Easy eligibility criteria and a seamless online application process make this financial product better accessible. What’s more, you can expect disbursal within 72 hours* of approval, ensuring immediate access to funds. You even have the option to transfer your existing loan against property to Bajaj Finance with minimal documentation, better terms, and fast processing.
Without any restrictions on end-use, this loan can provide the financial support you need. So, why wait? Apply for a Bajaj Finserv Loan Against Property today!
