As a homeowner or property owner in the Pune Municipal Corporation (PMC) jurisdiction, it’s essential to understand PMC property tax. Property taxes are an important source of revenue for municipalities, and it’s important to pay them on time to avoid any legal repercussions. In this article, we’ll guide you through everything you need to know about PMC property tax, including what it is, how it’s calculated, how to pay it, and more.

Table of Contents

1. Introduction to PMC Property Tax
2. What is PMC Property Tax?
3. Who is Liable to Pay PMC Property Tax?
4. How is PMC Property Tax Calculated?
5. PMC Property Tax Rate 

• Online Payment of PMC Property Tax
• Offline Payment of PMC Property Tax.  

  1. Introduction to PMC Property Tax

  PMC property tax is a tax levied by the Pune Municipal Corporation on properties located within its jurisdiction. The tax is calculated based on the annual rental value of the property, which is determined by the PMC. PMC property tax is an important source of revenue for the municipality, and the funds collected are used to provide civic amenities and maintain public infrastructure.

  2. What is PMC Property Tax?

  PMC property tax is a tax levied on properties located within the jurisdiction of the Pune Municipal Corporation. The tax is calculated based on the annual rental value of the property, which is determined by the PMC. PMC property tax is an important source of revenue for the municipality, and the funds collected are used to provide civic amenities and maintain public infrastructure.

  3. Who is Liable to Pay PMC Property Tax?

  All property owners within the PMC jurisdiction are liable to pay PMC property tax. This includes owners of residential and commercial properties, vacant land, and rented properties. If you own a property within the PMC limits, you are required to pay property tax to the municipality.

  4. How is PMC Property Tax Calculated?

  PMC property tax is calculated based on the annual rental value of the property. The annual rental value is determined by the PMC based on the area of the property, its location, and other factors. The tax is calculated as a percentage of the annual rental value, which is known as the rateable value.

  Property Tax Calculation Formula

  The formula for calculating PMC property tax is as follows:

  PMC Property Tax = Rateable Value x Rate of Tax

  The rate of tax varies depending on the type of property and its use. Residential properties are taxed at a lower rate than commercial properties. The rate of tax is also higher for properties located in prime locations or developed areas.

  5. PMC Property Tax Rates

  The PMC property tax rates are revised every year in the budget. The rates are based on the type of property and its use. Residential properties are taxed at a lower rate than commercial properties. The tax rates for the financial year 2021-22 are as follows:

  Type of Property	Rate of Tax
  Residential Properties	0.0035
  Commercial Properties	0.005

  6. How to Pay PMC Property Tax

  PMC property tax can be paid both online and offline. Here’s a brief guide on how to pay PMC property tax:

  Online Payment of PMC Property Tax

  1. Visit the official website of PMC property tax at https://propertytax.punecorporation.org/en/
  2. Click on the “Online Payment” option.
  3. Enter your property number and other details as required.
  4. Verify the details and proceed to make the payment using your preferred payment method.

  Offline Payment of PMC Property Tax

  1. Visit the nearest PMC property tax office.
  2. Collect the challan form and fill in the required details.
  3. Submit the challan form along with the tax amount at the counter.
  4. Collect the receipt for the payment made.

  7. PMC Property Tax Exemptions

  PMC offers property tax exemptions for certain categories of properties. Here are some of the exemptions available:

  Exemptions for Residential Properties

  • Properties that are self-occupied and have an area of less than 500 sq.ft are exempted from property tax.
  • Properties that are rented out to senior citizens or disabled individuals are eligible for a 50% tax rebate.

  Exemptions for Commercial Properties

  • Properties that are used for charitable purposes are eligible for a 100% tax exemption.
  • Properties that are used for educational or religious purposes are eligible for a 50% tax exemption.

  8. Consequences of Non-Payment of PMC Property Tax

  Non-payment of PMC property tax can lead to serious legal repercussions. Here are some of the consequences of non-payment:

  • The PMC can impose a penalty on the outstanding tax amount.
  • The PMC can initiate legal action against the property owner.
  • The property can be seized and auctioned to recover the outstanding tax amount.

  9. PMC Property Tax FAQs

  1. What is the deadline for paying PMC property tax?
  • The deadline for paying PMC property tax is usually 31st March of every financial year.
  2. Can I pay PMC property tax in installments?
  • Yes, PMC property tax can be paid in two installments.
  3. How can I avail of PMC property tax exemptions?
  • You can avail of PMC property tax exemptions by submitting the required documents and applying for the exemption.
  4. What happens if I don’t pay PMC property tax on time?
  • Non-payment of PMC property tax can lead to penalties, legal action, and seizure of property.
  5. Can I pay PMC property tax in advance?
  • Yes, PMC property tax can be paid in advance for up to two years.

  Conclusion

  PMC property tax is an important tax that property owners in the PMC jurisdiction must pay. It’s essential to understand the tax rates, calculation, payment methods, and exemptions to avoid any legal consequences. By following the guidelines mentioned in this article, property owners can ensure timely payment of PMC property tax and avoid any legal issues.