E-Paper
Civic body in Pune collects Rs 300 crore in property tax in April
To boost the tax collection, the PMC this year is giving a rebate of 10 per cent and 5 per cent to the residents who pay tax before May 31
Pune Municipal Corporation (PMC) has collected a total of Rs 300 crore as property tax in April 2019.
The civic body has set a target of Rs 2,400 crore from residents as property tax for the current financial year.
Also, to boost the tax collection, the PMC this year is giving a rebate of 10 per cent and 5 per cent to the residents who pay tax before May 31. The residents who pay property tax below Rs 25,000 per annum will get a 10 per cent rebate and those who pay above Rs 25,000 tax, will get 5 per cent rebate.
According to senior PMC officials, “In the last two years, PMC has registered a deficit at the end of the financial year in the collection of property tax. As revenue could not be generated due to the deficit in the overall property tax collection, fund allocation for many developmental projects was hampered. Consequently, we have taken the property tax collection work on a priority basis and the civic officers have been instructed to minutely observe those who refrain from paying their property taxes.”
The civic administration is also closely monitoring the properties in the 11 villages which were merged within the PMC limits in 2017. The civic body aims to generate Rs 150 crore through tax collection from a total of at least 1.43 lakh properties in these merged villages.
Earlier, the property tax collection was done on the basis of built-up area. However, now it will be done on the basis of carpet area of the property.
“Residents should voluntarily come forward to pay property taxes as the funds generated through this will be used for the development of these villages itself,” said PMC officials.
