The Pune Cantonment Board (PCB) has initiated the process of revision of tax of properties under its jurisdiction.
As per the Cantonment Act, 2006, the cantonment can revise the tax every three years. The last such revision took place for the period 2017-2020. The cantonment authorities had then increased the residential and commercial property tax by 5% and 10%, respectively.
Amit Kumar, the PCB’s chief executive officer, said that a public notice regarding property tax revision exercise has been issued. “A final decision will be taken once we complete a fresh assessment of properties in the PCB limits,” Kumar told TOI on Monday.
The cantonment has a total of 12,200 properties. It earns around Rs28crore revenue annually from property tax. “However, some property owners do not pay tax owing to ownership disputes. In such cases, the cantonment board faces revenue loss. We have urged people to register their properties with us,” he added.