A press statement issued by PMC
said that the department had formed special squads for recovery of long
pending property tax bills. The department has also attached properties
of those, who had not paid their taxes despite repetitive demands.

Property tax is one of the main sources of revenue for the civic body.
The department handles the billing and collection of property tax on
residential, commercial, plots and other types of properties – held
privately or by government (state and union) – within the civic limits.

Property tax is the tax charged on immovable or tangible real property,
such as land, buildings and permanent improvements. Based on
assessments, all property holders are expected to pay the tax. The civic
body assesses all residential and commercial properties situated within
its limits. Property tax also include basic house or building tax plus
service taxes such as street tax, and conservancy or scavenging tax. It
is collected either half yearly or annually.

There are around 6
lakh residential properties and 75,000 non residential properties,
while around 24,000 are open plots in Pune municipal limits. The civic
body offers 10% discount if the tax is Rs 25,000 or less, while a 5%
discount is offered if the amount is more than Rs 25,001 for those who
pay their taxes before May 31.