Over 1.4 lakh buildings in newly 11 merged villages in Pune to pay property tax

new property tax system based on capital valueBy Accommodation Times Bureau

PUNE

Newly 11 merged villages which have over 1.42 lakh properties, including commercial and residential buildings, will now pay property tax from this April to Pune Municipal Corporation (PMC).

The standing committee approved to impose property tax in the outskirts areas on Thursday. The property owners are liable for paying taxes as per PMC’s existing slabs, whereas these villages were included in PMC limits in October 2017.

“As per the data, 1.42 lakh properties are listed in the 11 merged villages. Property owners need not worry as the administration will not impose the tax at one go. It will be increased by 20% each year for the next five years. The civic administration had used a similar formula in 2007 when 23 villages were first merged with the PMC limits,” Standing committee chairman Murlidhar Mohol said.





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