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 Pune Property Tax Rates, Property Tax Pune
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Pune Property Tax system has undergone few changes made by the Pune Municipal Corporation and because of this it was in news. To boost the payment of the tax on time Municipal Corporation, Pune is giving concession to the taxpayers. These concessions are granted if the property is used for residential purposes. No concession for commercial property. Upto 40% benefit can be made if the property is self-occupied. Like in all other cities the civic bodies work from the monetary assistant they get from property tax. The collected money is used for the development of the city and government can save itself from monetary crunch if the payments are made on time. This step made by PMC is very good, which will enhance the collection. To boost the process further Citizens' Facilitation Centers have been made to decentralize the collection of the tax in Pune. Even Pune Municipal Corporation (PMC) has 21 branches and six extension counters of Cosmos Co-operative bank.
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There is influx of people from all over the nation and world in Pune as it is developing at a very fast pace. People are buying property and with this the tax of approximately Rs. 300 Crore is estimated to be collected. The due dates for the payment of tax keeps on changing as people don't pay tax on time. Property tax rates are still the same as there is no hike made in them by the government. Work is going on to overhaul the property tax system in Pune. The self-assessment schemes will be introduced soon that will really omit the waiting period for tax property bill. | |
If your construction is eco friendly i.e. eco-housing then you can get rebate on property tax in Pune. In addition to all the changes, further relief is given to the taxpayer by making an online website on property tax by PMC. It has all the necessary information on tax with reports on past few years. In website search can be made by name, address. Property details and tax due details can also be checked online. For the assessment assessor calculates the Annual Rateable Value (ARV). Property tax assessment is done and tax bill is send to the taxpayer. If you are not satisfied with the tax details then you can make tax appeal by giving proper proof in the favor of your appeal. It is always advisable to take professional help from a lawyer or consultants. They can present your case in a professional manner before court and give you the minutest detail. Those who have purchased commercial or residential property after 2005 can save themselves from paying heavy tax through out. To avail this they need to make an appeal, which will challenge the tax assessment notice served by the civic administration. Property tax in Pune like other city can only be transferred if proper documents are submitted in Municipal Corporation's office.
Pune Municipal Corporation is putting all efforts to help people. It is planning to make the payment of tax online. Further details on property tax in Pune, payment, due dates, housing property tax et al can be checked in the official website by Municipal Corporation, Pune.
Website:http://www.punecorporation.org/
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| India Housing- Property in India |
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