Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
The municipal authorities of Pune city have generated a revenue of Rs 40 crore from property tax bills just one week after their issuance. In light of its approval by the state government, the PMC has implemented a property tax discount of 40 percent for individuals who occupy their own properties. Individuals have the option to fulfil their tax obligations digitally or in person. Bill access online is also available to the owners.
The head of PMC’s property tax department, Ajit Deshmukh, has announced that the delivery of paper bills will commence once the government grants the waiver. The intended schedule for bill distribution by the PMC, originally set for May 17 to 22, has undergone another postponement, with the new timeline now set for the month of June. It is possible for residents to settle their taxes electronically through the use of a property identification code and by accessing digital bills. PMC has taken the initiative to facilitate online bill payments by sending out an SMS to its residents.
Even though physical copies of the bills have not yet been handed out, the local government has still managed to accumulate Rs 92 crore in property taxes as of May 23rd. Deshmukh stated that the use of property numbers for bill payments is resulting in a daily revenue of approximately Rs 7-8 crore.
As per the government's notification, properties that were not eligible for the discount and were registered post-2019 will be subjected to an assessment. They will be able to receive the discount starting on April 1, 2023.
In 2019, the 40 percent tax program was put to an end, and instead the PMC initiated the circulation of bills with a higher tax rate. The property owners were required to settle even the overdue payments from preceding years. Protests erupted as a result of this.
A sum of Rs 7.4 crore was collected as property tax on May 22, 2022. One year later, specifically on May 22nd, 2023, the income amounted to Rs 6.9 crore.
Up to May 23rd, a total of 63,215 individuals who own properties made tax payments. Out of these taxpayers, 12,878 opted to pay using cash, 5,405 used cheques, and a larger proportion of 44,932 taxpayers chose to make their payments online.
PMC authorities have reported that due to the state government's 40 percent exemption offer, modifications were necessitated on 12 lakh property tax invoices. The enormity of this endeavour is contributing to a postponement in the production and digital revisions of fresh invoices, resulting in further elapsed time.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
We use cookies to give you the best possible service while using our website, please click accept and carry on browsing if you're happy with this. For more information see our Privacy Policy.
Okay, Got it!This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Propscience reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Propscience for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Propscience will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 ("RERA") and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Propscience accepts no responsibility for keeping the information in this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Propscience does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention to third party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Propscience accepts no responsibility for the content, reliability and information provided on these third-party websites. Propscience will not be held liable for any personal information of data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Propscience is not liable for the same. All details regarding a project/property provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. To find out more about a project / development, please register/contact us to visit the site you are interested in. All decisions taken by you in this regard will be taken independently and Propscience will not be liable for any such loss in connection with the same. This Site is for guidance only. Your use of this Site - including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional - client relationship between you and Propscience. Propscience cannot accept you as a client until certain formalities and requirements are met.
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy