Pune Property Tax: PMC Says One-Time Tax Not Feasible

PUNE: Shooting down the Congress party’s proposal to amend the property tax rules to introduce a one-time (optional) tax payment scheme, the Pune Municipal Corporation (PMC) administration has stated that the proposal is unfeasible and will result in decline of the civic income from property tax collection.
“If at all the one-time tax plan is executed, the PMC cannot make it compulsory. Also, the civic body will face financial losses as if property owners pay tax for one-time as the PMC will not be able re-assess the property. Small properties could pay one-time tax, but big properties like malls, IT properties, banks, hospitals, hotels, etc will not show interest in the scheme considering the amount they will have to pay,” said municipal commissioner in his comments submitted to all party leader’s meeting.
The administration has stated that the proposal is not feasible as it will deprive the PMC from re-assessing the property and considering the rising property rates in the city, it will result in the financial loss to the civic body.
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