Tough task for PMC to meet Rs 2,400cr property tax target
The Pune Municipal Corporation (PMC) has collected around Rs 1,600 crore in property tax during the first two quarters of the current financial year. Despite this, PMC faces a challenge in reaching its target of Rs 2,400 crore by March 2025, largely due to restrictions on tax recovery from 34 merged areas. While 9.16 lakh property owners have paid their taxes, about 5.05 lakh remain defaulters, with Rs 990 crore collected online and Rs 610 crore through offline payments.
The civic body still needs to recover Rs 1,245 crore in tax from the merged areas, where a drive to seal properties of defaulters was halted after complaints ahead of the Lok Sabha elections in March 2024. The PMC has since launched a special tax collection drive, employing measures such as property confiscation and auctions to encourage payments, according to the head of the property tax department.
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