PMC Property Tax: How to Pay Property Tax in Pune

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Introduction

Payment of property tax is a primary responsibility of property owners who own residential, industrial, and vacant land under the jurisdiction of Pune Municipal Corporation (PMC). This financial contribution plays a vital role in supporting the city’s infrastructure and various amenities.

It is one of the main sources of income for Pune. In line with the digital transformation initiatives of the Government of Maharashtra, the property tax payment process of Pune Municipal Corporation has been made seamless to the online sector.

PMC Property Tax: How to Pay Property Tax in Pune

Table of Contents

The Maharashtra government’s digital initiatives have facilitated a user-friendly online platform for property tax payments. Contributes to the significant increase in tax collections for PMC. This shift towards digitization will not only increase the convenience of property owners but will also streamline the state’s revenue collection process. It ensures sustainable development and maintenance of civic amenities.

This comprehensive guide navigates through key tax deadlines, including understanding the property tax calculation method. Assists property owners in identifying available exemptions. Through the digital age, property owners can contribute to the continuous growth and prosperity of Pune.

PMC Property Tax Online Method in 2024

Let’s know step-by-step steps to pay PMC Property Tax 2024 online.

  • Visit the official website of the Pune Municipal Corporation (PMC).
  • Navigate to the ‘Online Services’ section and select ‘Pay Property Tax’.
  • You will be redirected to a new page. There you click on ‘Pay Property Bill Online’.
  • Provide required details including Asset Type, Department ID, Peth ID, and Account Number.
  • Click ‘Submit’ to access property tax details.
  • Verify your information and under ‘Property Dues Details’, input the property holder’s email address and mobile number.
  • Go to ‘Pay Online’.
  • Select your preferred payment method from options like Debit Card, Credit Card, Wallet, UPI, or Net Banking.
  • After the payment is completed, you will receive a tax receipt. Keep this receipt safe for future reference.

PMC Property Tax Offline Method in 2024

Even now some people prefer an offline mode to pay PMC property tax in Pune. But such a person should follow the steps given below.

  • Modes of Payment: Property tax payments can be made using cash, checks, or demand drafts.
  • Payment at PMC Ward Offices: To initiate the offline payment process, visit any of the 30 PMC Ward Offices.
  • Citizens Facilitation Centre: Alternatively, property owners can visit the Citizens Facilitation Center under PMC for assistance in paying property tax offline.
  • Authorized Banks: Payments can be made at authorized banks including HDFC Bank, Bank of Maharashtra, ICICI Bank, and Cosmos.
  • Self-Payment Kiosks: Self-Payment Pune Property Tax Payment Kiosks are strategically located across the city. Provides taxpayers with convenient access to pay their PMC property tax offline.

Calculate Property Tax in Pune

Pune Municipal Corporation (PMC) facilitates a streamlined process for property owners to determine their property tax through the portal. It includes a user-friendly tax calculator. Pune Municipal Corporation accurately assesses the amount of tax applicable to various property types including commercial premises, residential houses, and vacant lots.

The Property tax calculation takes into consideration the location, type, carpet area, purpose, and total factors of the property. Each of these factors plays an important role in arriving at the standard taxable value.

  • PMC Pune Property Tax Calculation Formula
Property Tax = Capital Value × Tax Rate
  • The capital value is determined by the integral formula:
Capital Value= Base Value × Built-up Area × Use Category × Type of Building × Age Factor × Floor Factor

About the Exemptions and Concessions

Pune Municipal Corporation (PMC) extends various exemptions and concessions to property owners. Offers rewards for certain initiatives. Here’s an in-depth look at the opportunities available.

  • Religious and Charitable Exemptions: Religious organizations and charitable organizations are eligible for full exemption from property taxes in recognition of their contribution to the welfare of society.
  • Special Groups Concession: Certain special groups, including freedom fighters, their families, ex-servicemen, and women are eligible for 50% concession in property taxes through PMC.
  • Disability Concession: People with more than 40% disability who own residential properties can benefit from a substantial 40% concession on their property taxes, accepting the challenges they face.
  • Online Payment Concession: In the case of online property tax payments, applicants can avail of a convenient 2% concession, encouraging the use of online platforms for taxable transactions.
  • Residential and Non-Residential Discounts: Residential and non-residential property owners receive attractive discounts. PMC offers a 10% rebate on annual property tax values up to INR 25,000. For values exceeding this threshold, an additional 5% rebate is provided to encourage compliance and timely payments.

Conclusion

Pune Municipal Corporation (PMC) has become more efficient in navigating Pune’s property tax landscape with digital initiatives. Property owners own residential, industrial, and vacant land. Can use online platforms to fulfill their tax obligations.

The guide provides a comprehensive understanding of property tax processes, exemptions, and important deadlines. It empowers property owners to contribute to the development of the city while benefiting from various incentives. For more information, visit Openplot.

Also read: Delhi Development Authority: Bookings Open for 10,000 Ready-Made Flats

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