PUNE: The property tax department of Pune Municipal Corporation (PMC) has issued notices to 200 illegal properties and has also sealed three properties. “The notices have directed the owners to pay 3 times more tax. This amount is being charged for neglecting to pay the tax on time,” .
As per the PMC officials, an action was taken in the Ahmednagar road areas following a survey. The commercial, as well as homes, will face action. These property owners have not completed the process to build the buildings or they have carried out additional construction than permitted. Property tax is levied by the government of state from a person who owns property in Pune. The home is assessed to calculate its value and, then, that value is taxed. The amount of tax owed is dependent upon multiplying the fair market price from the property from the current tax rate.
This tax is the key mode of revenue generation for civic body which, on an average, collects the tax of around Rs 700 crore annually. Owners of around 8 lakh properties within the city, including open plots, residential and commercial properties, are liable to pay the tax based on an assessment by PMC. The property tax department plans to use the geographical information system (GIS) to register properties within the city. The new system will start functioning by November.