Property tax in Pune.

Q: What is the new update on property tax in Pune? Is there any change or is it still 8%?

Aveek Paul,

24th January 2013

Real estate News in Pune

property tax

properties in pune

property tax in pune

Follow Discussion

Also see discussions for

Pune Real estate News Real estate News in Pune

Replies (5)

Around six lakh residential properties, 75,000 non-residential properties and around 24,000 open plots in Pune who are entitled to pay property tax. The civic body offers discount to property owners who pay tax before May 31.

Vatsa Suman, Pune

21st February 2013

Comment

The 6% hike that has been approved will push up the revenue by around Rs 40 crore whereas the 8% hike had given Rs 52 crore. Also, the proposal of hike in property tax was accepted to ensure sufficient revenue for development projects in Pune.

Priyadarshini, Pune

21st February 2013

Comment

Property tax is one of the main sources of revenue for the PMC. The tax department handles the billing and collection of property tax on residential and commercial, plots and other types of properties in Pune.
Earlier, the civic body had proposed to increase property tax by 8% for 2013-14 to standing committee and after discussion it came down to 6% after a meeting last month.
The proposed 8% hike had added more revenue to the civic body which was estimated at Rs 3,605 crore. But with the current hike, it is not going to make any substantial contribution to the civic body.

Krishnendu, Pune

21st February 2013

Comment

With the hike in property tax, PMC is expecting an additional revenue of Rs 40 crore. Maharashtra NavnirmanSena had joined hands with NCP to put a stay on tax hike.
As per the civic administration, it was necessary to increase the tax to increase revenue from taxes and other sources, considering the cost escalation in developmental projects. Also, the expenditure on providing civic amenities like water supply and sewage treatment is also high.

Rohit Marathi, Pune

21st February 2013

Comment

Pune Municipal Corporation (PMC) has recently decided to hike property tax by 6%. This will be the first hike after four years.
Corporators at PMC standing committee meeting approved the hike for the financial year 2013-14 and it will be applied from April 2013.
Earlier, the civic body had proposed to increase property tax by 8% and after discussion came down to 6%.

Varun,

25th January 2013

Comment