Pune: Property Tax Payment Deadline Extended by 15 Days, PMC Collects Rs 973 Crores in Two Months
Pune, 30th May 2024: With only two days left to avail of the property tax exemption, Pune residents are rushing to pay their taxes. Today, 24,438 Pune citizens deposited ₹63.99 crore into the pockets of the Pune Municipal Corporation (PMC). So far, property tax totalling ₹900.07 crore has been collected.
PMC offers a property tax exemption for payments made between 1st April and 31st May each year. A 10% discount is given to those with property tax bills under ₹25,000, and a 5% discount is offered for bills over ₹25,000. There are 14.22 lakh properties under PMC. With only two days left to avail of the discount, PMC has urged citizens to pay promptly.
As of 28th May, 4,95,706 citizens had deposited ₹836.08 crore in taxes. Today, 24,438 citizens deposited an additional ₹63.99 crore, bringing the total to over ₹900 crore. With two days remaining, PMC expects to collect at least ₹1100 crore.
To facilitate payments, the Citizens Facilitation Centers (CFC) of the PMC will be open from 9 AM to 9 PM until May 31st, as stated by Deputy Commissioner Madhav Jagtap of the Taxation and Tax Collection Department.
Pune citizens who pay their property taxes by May 31 receive a 5-10% discount. Due to delays in bill distribution, the Pune Municipal Corporation (PMC) extended this deadline by 15 days, allowing discounts until June 15. The PMC’s taxation department, with 79 offices, provides this early-year discount to maximize revenue. Despite issuing 14.15 lakh bills, only 5.65 lakh citizens have paid their taxes, totalling ₹973 crores. Including new village areas, the PMC expects to exceed ₹1300 crore in collections post-discount. To facilitate payments, PMC centres will remain open on weekends and holidays, with an appeal for online payments.
