Pune civic body extends deadline for enjoying property tax sop

PUNE: Residents will be able to avail of property tax discount till June 30. The Pune Municipal Corporation (PMC) has extended the May 31 deadline for availing the discount by a month as a relief measure for the people who failed to take benefit of the scheme due to the lockdown triggered by the coronavirus spread.

PMC offers 5-10% discount on property tax, if it is paid before the deadline. “Many citizens use cash and cheques for the payments. Those, who are paying the tax offline, are not able to come out of their houses due to the prevailing lockdown. So, we have decided to provide relief to these people by giving them more time. Extension will be given for around a month,” standing committee chairman Hemant Rasane said.

He said the committee was in the favour of this approval. The decision will be conveyed to the department concerned.

Civic officials said the PMC charges property tax based on the analytical value of the property. Civic administration charges property tax for providing multiple facilities to property owners, such as water, drainage and road.

On an average, the PMC collects Rs 150 crore from the online mode in April. However, this year the figure stands at around Rs 80 crore.

Property tax is one of the biggest income source for PMC, which earns around Rs 11,000 crore to Rs 12,000 crore per year through this it.

Source: https://realty.economictimes.indiatimes.com/news/regulatory/pune-civic-body-extends-deadline-for-enjoying-property-tax-sop/75311615

April 23, 2020

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