The civic body has extended the deadline to pay property tax at discounted rates. Diligent property owners will now get a concession if they pay the tax by June 30 instead of the earlier limit of May 31.
Tax defaulters will also get another month to clear their dues. They have till April 30 to pay the tax for the 2022-2023 financial year.
“The decision to offer a 40% tax discount to self-occupied properties has been taken by the state government. But the civic administration is yet to get a detailed notification about it. This may delay the distribution of tax bills, so additional time has been given to pay the tax at discounted rates,” said Vikram Kumar, administrator of the Pune Municipal Corporation (PMC).
The civic body collected Rs 2,000 crore from property taxes in 2022-23. “Focus on recovery and finding properties that are not in the tax net has helped increase revenue. It is the highest-ever income for the department,” said Ajit Deshmukh, head of the PMC’s property tax department.
Nearly 65,000 new properties were added to PMC’s tax net in the previous fiscal, yielding around Rs 400 crore. Civic officials said the extension will have a significant impact on the revenue as nearly 50% to 55% owners of the 12 lakh properties under PMC pay before May 31. The percentage may go up after the extension.
“The extension will be important to encourage tax payers in the absence of an amnesty scheme for fiscal 2023-24,” a senior official of the PMC said.