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50% Owners Default On Property Tax, Scrape Cash-Strapped NMC Coffers, ET RealEstate

Nagpur Municipal Corporation (NMC) data reveals that 50% of property owners in Nagpur have defaulted on their property tax, leading to a significant shortfall in revenue. The total unpaid taxes amount to 140.93 crore, with most defaulters owing less than 10,000. Explore the impact of tax defaults on NMC s financial health and the initiatives taken to improve tax collection. ....

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