Property tax is the second-largest source of revenue in Pune. Pimpri Chinchwad Municipal Corporation (PCMC) is a Municipal Corporation in the city of Pimpri-Chinchwad which is the Urban Agglomeration of Pune.It is the Pune Municipal Corporation (PMC) or Pimpri Chinchwad Municipal Corporation (PCMC) [based on the location of property], that assesses a property to give it a value and levy tax on a person’s real or personal property in Pune. PMC is serving its citizens since 1950 and property tax is the second largest revenue to next to Octroi to the PMC.
In order to automate the entire property tax assessment process and to boost its revenue, the PMC in September 2016 started carrying out geo-tagging of properties in its jurisdiction along with identifying unauthorised and illegal properties by using Geographic Information System (GIS). The exercise includes verifying existing size of the property, mentioning information of owner of property, clicking photographs of the properties and their documents etc. PMC covers more than 8 lakh properties in its purview.
Out of the few properties have been mapped using the GIS technology and is expected to Map all properties soon. This leads to significant increase in the revenue for PMC as it enables identifying defaulters easily. Property tax is applicable to all properties and vacant lands within Municipal corporation limits. Property tax is assessed on the basis of carpet area of the building/property. PMC follows capital value-based system for property tax calculation.
What is PMC Property Tax?
Property tax must be paid to the Pune Municipal Corporation (PMC) by all the property owners of residential property, industrial property, or even vacant land within the jurisdiction of PMC.
The property tax is one of the biggest revenues for Pune through which PMC maintains the infrastructure and other facilities in the city. Legal action will be taken against the taxpayer and penalties will be charged if they fail to pay the property tax within the due date.
Formula for Pune property tax computation
The property tax is a percentage of the actual value of the property which is based on the ready reckoner that is used to calculate stamp duty by the revenue department.
Property tax = Tax rate * Capital Value Capital Value = Base value * built up area * usage * building type * age factor * floor factor
PMC allows its users to calculate property tax online by entering locality, area, usage, type, total plinth area and age of the property.
Property tax rates of PMC can be accessed at here and property tax rates of PCMC can be accessed here.
Due date, penalty and other rewards
PMC
- Due date – For first half year (April 1st to September 30th) due date is 31st May and For second half-year (October 1st to March 31st) due date is 31st December
- Penalty is charged at 2% per month in case of delay in payment beyond due date i.e., charged from 1st July in case of first half year and from 1st January in case of second-half year
- If the entire property tax is paid by 31st May, following rebates are available:
- For residential properties/ non-residential/open plot specifically registered as residential building – 10% discount on general tax in case of annual rateable value up to Rs 25,000 and 5% discount on general tax in case of annual rateable value of Rs 25,001 and above
- In case of residential properties having solar, vermiculture and rain-water harvesting –
- 5% discount on municipal tax (excluding water tax and government taxes) in case of one of these projects and
- 10% discount on municipal tax (excluding water tax and government taxes) in case of two of these projects
PCMC
- 10% concession on general tax if the entire property tax is paid by June 30
Eligibility Criteria
- A person’s age is above 18 years of age
- A person who is a permanent resident in the Pune state.
- Any person who owns a property or land in Pune Municipal Area is entitled to pay a property tax.
Procedure for Paying Property Tax – Online Mode
Visit the PMC Portal
Step 1: The applicant will have to visit the official Pune Municipal Corporation (PMC) portal of Pune to make the property tax payment.
Step 2: Then you have click on the ”Online Services” tab that is visible on the menu bar.
Step 3: Now you will be directed to the pay tax online page where you have to fill in all the requested details such as:
- Property Type
- Section ID
- Peth ID
- Account No
Step 4: Then you have to fill the Property Owner Details that includes Name, Ward, Address, Previous Owner, Current Owner, and Property Description.
Step 5: After filling the property owner details, you will have to fill the Property Dues Details like the amount of payment, verify the applicant’s mobile number and e-mail address.
Make Payment
Step 6: Now, check the checkbox against the arrear bill for which the payment has to be made. Then have to click on the “Pay Now” button.
The money can be redeemed in 3 ways:
- Full Payment: In total, it is deposited for one whole year.
- Partially Payment: It will be tested in the cart – Half-an-a-half.
- Advance Payment: It can be credited to the student in their second language.
Step 7: The user will be redirected to the payment gateway, upon which he/she has to choose the desired payment option (debit card, credit card, internet banking).
Step 8: The following details to must be filled before making the payment.
- UBL name
- Collection date
- Collection centre
- Payment mode
- Bank details
Step 9: Then, you need to fill out all the necessary payment details.
Step 10: Click on the “Make Payment” button to make the payment online.
Print Tax Receipt
Step 11: After making payment, a receipt of the same will be generated as an acknowledgement slip for the amount made. You can also download/print the receipt for the future reference.
Step 12: You need to click on the “Tax Receipt” option and have to enter the details as requested.
Step 13: Then you have to click on the submit button.
Step 14: The challan number column shows all the Challans of paid property tax that you paid.
Step 15: After that, you can click on the Challan number for which you need a printout.
Offline Payment
A taxpayer can alternatively pay tax offline by approaching any cosmos and bank cash counters in Pune. Once the payment is completed, the applicant receives a receipt that contains the property tax ID.
FAQs
How to collect the PMC Property Tax receipt if you pay the bill offline
If you have paid the bill offline, then you can collect your PMC property tac receipt from the PMC ward office or else you can also obtain the receipt online by filling in the details and submitting it.
What happens if you don’t pay Pune property tax?
Penalty will be levied on the property tax in case you fail to pay the property tax within the due date. The property may also be ceased and auctioned in case you miss the repeated reminders and deadlines.
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