Pune: 40 Per Cent Property Tax Exemption To Be Reinstated, Indicates PMC

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Pune, 16th March 2023: There is a strong possibility that the 40 per cent property tax exemption offered by the Pune Municipal Corporation (PMC) to residential properties, which was canceled in the interim, will be re-implemented. A notice of this has been filed in the budget session of the state. Meanwhile, as the Shinde-Fadnavis government, along with the opposition parties, is also said to be positive to re-impose this concession, the people of Pune will get a big relief by restoring this concession.

Newly elected Pune MLA Ravindra Dhangekar, Congress state president Nana Patole, former chief minister Ashok Chavan, and Amin Patel filed the notice in this regard on Wednesday (15th March). This has been accepted by the President in the proceedings of the Legislative Assembly, and Chief Minister Eknath Shinde is likely to present a statement in this regard.

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Meanwhile, all the political parties have shown their favor in maintaining the 40 per cent property tax concession given to Pune residents. While in the general meeting before the closure of the municipal hall, it was unanimously agreed to send a proposal to the government to maintain the 40 percent discount.

The said 40 per cent discount given to the property tax from 1970 to 2018 was canceled in 2018. Lakhs of property earners in the city were billed double or triple the amount of property tax due to this concessional amount from 2018. While there are demands from all quarters to re-impose this exemption, now that the attention to retaining this exemption has come to the floor, there are indications that this exemption will be reversed again.

Along with the relief filed by Dhangekar and others to maintain property tax exemption, they have also demanded exemption of property tax on houses under 500 square feet in Pune, like Mumbai.


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