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	<title>Property News India and Featured Real Estate Stories &#187; new property tax model</title>
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		<title>NMC inching towards implementing new property tax model</title>
		<link>https://groups.commonfloor.com/news/nmc-inching-towards-implementing-new-property-tax-model-28862</link>
		<comments>https://groups.commonfloor.com/news/nmc-inching-towards-implementing-new-property-tax-model-28862#comments</comments>
		<pubDate>Tue, 11 Sep 2012 09:34:31 +0000</pubDate>
		<dc:creator>dipjyoti</dc:creator>
				<category><![CDATA[Municipality]]></category>
		<category><![CDATA[Other cities]]></category>
		<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[capital based property tax]]></category>
		<category><![CDATA[increase property tax rate]]></category>
		<category><![CDATA[municiapal corporation]]></category>
		<category><![CDATA[Nagpur]]></category>
		<category><![CDATA[Nagpur Municipal Corporation (NMC)]]></category>
		<category><![CDATA[new property tax model]]></category>
		<category><![CDATA[property tax]]></category>
		<category><![CDATA[ready reckoner based property tax]]></category>
		<category><![CDATA[taxpayers]]></category>

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		<description><![CDATA[Nagpur Municipal Corporation (NMC) is on its course to implement the new model of calculating property tax. The proposed model is known as ready reckoner based property tax, which is in reality a capital based property tax. NMC has created various categories of taxpayers according to the respective location of each property. The scheduled general [...]]]></description>
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