Pune News : Property owners in Pune express relief as government approves 40 percent discount in tax
Pune : Property holders rejoice as Maharashtra state government announced approval of 40 percent discount in property tax for those who use their property for their own residence. The decision was taken at the cabinet meeting held today. The decision came in after much criticism raised by the residents and prompted resumption of the discount.
40 percent discount will be applicable to the owners who use the property as their own residence.
From April 1, 2023 onwards, the 15 percent discount will be applicable instead of 10 percent from the annual rent while charging property tax within Pune Municipal Corporation, and a 40 percent discount will be applicable for determining the annual property taxable amount if the property owner uses the property for their own residence.
The government has also decided to waive the recovery of the difference amount until March 31, 2023. Moreover, the excess tax incurred by property owners who paid tax during the period from 2019 to 2023 will be diverted from the next bills.
