Pune civic body to offer property tax discounts for soldiers' kin

This post was originally published on this site

PUNE: Those serving in the defence forces will soon have a reason to cheer. The Pune Municipal Corporation (PMC) is proposing a scheme that will benefit them in terms of a waiver in property tax.

According to the civic proposal, “Discount will be given to widows of ex-servicemen. Even nominees of soldiers, who have lost their lives in the line of duty will benefit from this scheme. The Maharashtra government has asked to offer the waiver facility for all properties owned by gallantry award winners of defence forces and widows of ex-servicemen.”

The proposal has been put before the standing committee, which is expected to take a call during its meeting on Tuesday. According to the proposal, discounts will be given on general tax, water tax, special cleanliness tax, education cess, fire-brigade tax, sanitation tax and sewage treatment tax. Such discount is already offered to ex-servicemen.

“The scheme will benefit those who have contributed for the betterment of the nation. The property owners will have to pay a minimal amount as property tax. The discount is almost around 95%,” said Suhas Mapari, head of PMC’s property tax department, while speaking TOI.

Property tax is one of the key sources of income of the civic administration. The tax is charged on immovable properties. The property is assessed to give it a value and then the value is taxed. The amount of tax owed is determined by multiplying the fair market value of the property by the current tax rate.

The city has around 8.3 lakh properties from which the tax is collected. Of the total, nearly 1 lakh properties are commercial and around 7 lakh are residential buildings. The city also has 29,000 open plots and the remaining 14,000 include commercial, residential as well as open properties.

The civic body had kept a target of Rs1600 crore for financial year 2016-17. However, PMC was unable to meet the target and collected only around Rs1,200 crore. The target for 2017-18 is Rs1333 crore, as announced in the civic budget presented by the municipal commissioner.