Pune: PMC To Transfer 40 Per Cent Discount In Property Tax In Four Stages
Pune, 29th April 2023: The Pune Municipal Corporation’s (PMC) Taxation and Tax Collection Department have decided to cancel the 40 per cent exemption for house owners in property tax and remit the amount in four stages from the property holders who have recovered three years’ arrears and the new residential property has been levied at 100 per cent tax.
A 40 per cent concession in property tax was given to properties of self-occupied households. But since this concession was canceled, the Municipal Corporation sent the outstanding amount of payments to about one lakh property holders in the city in 2019.
As the amount was at least more than 35,000, the property holders expressed displeasure about it. After that, the decision was taken by the state cabinet to restore the concession. An ordinance in this regard has also been issued.
Therefore, the Taxation and Tax Collection Department has decided to transfer the amount in four stages to the property holders who have paid the due amount. The new property taxed at 100 per cent will also be exempted in the same way.
The Municipal Corporation had sent a notice to 97,500 citizens. Out of them, about 33,000 citizens have paid the 40 per cent difference of Rs 80 crore. Out of the new 1.67 lakh property, about Rs 170 crore have accumulated in the municipal corporation in the last three years.
The said amount of about Rs 250 crores has to be returned to the municipal corporation again to the property holders. Meanwhile, an attempt was made to start the property tax levy for the year 2023-24 from 1st May.
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