PMC Property Tax Exemption for 90,000 Property Owners in Pune

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Introduction

After the Maharashtra government decided to reinstate property tax exemptions, the Pune Municipal Corporation (PMC) administration commenced accepting PT-3 applications from previously ineligible citizens. This move means that approximately 90,000 property owners will benefit from discounts on their property tax bills for the fiscal year 2024-25.

PMC Property Tax Exemption for 90,000 Property Owners in Pune

Table of Contents

From 2018 to 2023, people living in their properties are known as self-occupied property owners. The government’s decision to eliminate the property tax exemption has impacted self-occupied property owners, who are now unable to benefit from the 40% concession. This change has increased the financial burden for individuals residing in their own properties.

According to PMC’s taxation and tax collection department, around 90,000 property owners in the city have submitted PT-3 applications. This represents a significant increase compared to last year. Indicating a higher level of compliance among residents. The department has attributed this rise to increased awareness campaigns and simplified application processes. The department has also credited the online submission option for making it easier for property owners to file their PT-3 applications.

Subsidized property tax bills will be sent from April 1 through various channels, such as MMS, mail, online platforms, and speed post. Residents are encouraged to check their preferred communication method for their bills and ensure timely payment to avoid penalties. Additionally, any questions or concerns regarding the subsidized property tax bills can be directed to the local tax office for assistance.

PMC Property Tax Exemption: Next Financial Year

If the inspections are completed, the property tax will be exempt for the next financial year. This exemption helps reduce the property owner’s financial burden and encourages adherence to property management standards. It also enables property owners to keep their properties in good condition so they can continue receiving tax benefits.

By offering this incentive, the local government aims to improve the overall appearance and safety of the community. This ultimately benefits all residents by increasing property values and promoting a more attractive living environment.

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.

Conclusion

All citizens have supported the Maharashtra government’s decision to restore property tax exemptions. The Pune Municipal Corporation (PMC) administration has also started receiving PT-3 applications from those previously ineligible for exemption. This makes the property owners exempt from most of the taxes. For more information, visit openplot.

Also read: How to Pay Gram Panchayat Property Tax Ratnagiri?

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