PMC to levy value-based property tax on 100 properties

The PMC has decided to levy value-based property tax on 100 properties on a pilot basis and if the project is successful, it will be extended to the entire city.

Pune: The Pune Municipal Corporation (PMC) has decided to introduce value-based property tax on 100 properties on a pilot basis and will extend it to the entire city if the project is successful.

Pune Municipal Commissioner Vikram Kumar said, PMC has appointed Gokhale Institute of Politics and Economics to study value based property tax. We had a meeting with them on Monday and decided to implement the plan practically. We start with 100 properties in the city.

At present, property tax is levied as per the ready reckoner rate of the year of registration of the concerned property, due to which many old properties in the city are paying less property tax compared to new properties. Property tax levied on old properties is disproportionate to their size while newly-registered properties are being levied heavily. So much so that in some areas of the city, the property tax for a 2 BHK (bedroom-hall-kitchen) is over Rs35,000 per annum. It is because of this difference in property tax that the civic administration is considering levying property tax according to the value of the property. And, Gokhale is paying Rs22.57 lakh to the organization to carry out the study and prepare a detailed report on all aspects of the shift in the next four months.

Additional Municipal Commissioner Vilasa Kanade, who previously headed the property tax department, said that there is a gap between old and new properties. It is also true that both types of taxpayers are using the same facilities including roads, water, sewerage and parks. So why the difference?”

However, another view is that the amenities are developed with the tax money paid earlier by the owners of the old properties. Land acquisition and construction costs were also less then. A PMC official said on condition of anonymity that the Gokhale Institute will conduct a detailed study to prepare the tax structure based on capital expenditure and then the corporation will take a call on it.

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