The Pune Municipal Corporation [PMC] is taking stringent actions against the property tax defaulters in the city. The authority has seized 600 properties of defaulters and these assets are estimated to have a worth of Rs.500 crore in the market.
Vilas Kanade, the head of PMC’s property tax department informed that the notices had been issued to the defaulters and a strict against is being taken against those who ignored the notice as this is the only way left for us to recover the property tax.
Recently, Yogesh Mulik, committee chairperson said that the standing committee of the Pune Municipal Corporation rejected the proposal to increase property tax and ordered the civic body to focus on recovering the outstanding dues inspite of asking the residents to pay more tax on the property.
In the fiscal year 2018-19, the Pune Municipal Corporation collected a sum of Rs.1,031 crores and the officials said that the revenue is likely to be hiked in the next financial year i.e. 2019-20. This increase is estimated due to the addition of more properties under the PMC limits.
In the newly merged villages, the Pune Municipal Corporation has registered more than 1.67 lakh properties and thus the number of immovable assets has passed the 10lakh mark under the Corporation.
However, the Pune Municipal Corporation is hoping to generate nearly Rs.1600 crores from the tax in the next fiscal year i.e. 2019-20.
Earlier this month, the Maharashtra state government decided to imply additional 1% surcharge on stamp duty to collect funds for the under construction infrastructure works such as Metro, monorail and freeways in the city.