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Pune: The state cabinet on Wednesday approved a proposal offering 40% discount property tax For owners of self occupied properties in the city. Pune Municipal Corporation The targeted revenue loss from this source is likely to be at least Rs 400 crore, but the decision is a relief to property owners.
Guardian Minister Chandrakant Patil on Wednesday said the exemption was a long-pending demand of the citizens. “Last month an announcement was made in a meeting with CM Eknath Shinde and Deputy CM Devendra Fadnavis, The state cabinet gave its final nod to the announcement on Wednesday.
The special dispensation was introduced in 1970 for self-occupied properties within PMC limits, but it was not notified as an act by the state government. The exemption was declared invalid and terminated in 2019. In 2022 the civic body sent SMS to 60,000 property owners asking them to pay 40% additional tax with retrospective effect from 2019. The recovery was stopped after protests by citizens.
The guardian minister said, “Property owners who have paid additional tax since 2019 will also get relief. The extra money taken from them will be adjusted in future bills.”
Cabinet approves 40% tax rebate for self-occupied houses
The city administration starts sending every year property tax Bill from 1st April. PMC officials said the distribution of property tax bills was delayed this year as they were waiting for the cabinet’s decision. The civic body would have earned around Rs 300 crore by mid-April by sending these bills on time, he added.
A senior PMC official said, “The cabinet decision has given some clarity. After the notification about the decision, the civic administration will start distributing the bills.”
PMC’s Additional Municipal Commissioner Kunal Khemnar said that the administration will have to get an official communication from the state government about the exemption. Khemnar said, “We will seek work permission from the government so that the printing and distribution of property tax bills can start. As per our estimate, the administration will start sending the bills by the first week of May.”
Property owners who pay the tax before May 31 get a tax rebate of 5% to 10%. Khemnar said that an announcement will be made to extend the time limit for payment of bills with concessional rates. The civic administration had extended the relaxation scheme in 2020 and 2021 till the end of June.
Before the approval of the cabinet, approval was sought from the Finance Department, Law Department and other departments. The Chief Minister’s Office had also approved the proposal.
PMC is working in post offices for delivery of property tax bills. Earlier, PMC used private agencies for distribution.
Every year, the civic administration starts sending the property tax bill from 1st April. PMC officials said the distribution of property tax bills was delayed this year as they were waiting for the cabinet’s decision. The civic body would have earned around Rs 300 crore by mid-April by sending these bills on time, he added.
A senior PMC official said, “The cabinet decision has given some clarity. After the notification about the decision, the civic administration will start distributing the bills.”
PMC’s Additional Municipal Commissioner Kunal Khemnar said that the administration will have to get an official communication from the state government about the exemption. Khemnar said, “We will seek work permission from the government so that the printing and distribution of property tax bills can start. As per our estimate, the administration will start sending the bills by the first week of May.”
Property owners who pay the tax before May 31 get a tax rebate of 5% to 10%. Khemnar said that an announcement will be made to extend the time limit for payment of bills with concessional rates. The civic administration had extended the relaxation scheme in 2020 and 2021 till the end of June.
Before the approval of the cabinet, approval was sought from the Finance Department, Law Department and other departments. The Chief Minister’s Office had also approved the proposal.
PMC is working in post offices for delivery of property tax bills. Earlier, PMC used private agencies for distribution.
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