Property

Notices served to illegal properties

1 Mins read
Property

Notices served to illegal properties

1 Mins read

PUNE: The property tax department of Pune Municipal Corporation (PMC) has issued notices to 200 illegal properties and sealed three properties. “The notices have directed the property owners to pay three times more tax. This amount will be charged as a fine for failing to pay the tax on time,” a statement issued by the civic body said. As per the PMC officials, the action was taken in the Ahmednagar road areas following a survey.

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The commercial, as well as residential properties, will face action. These property owners have not completed the process to construct the buildings, or they have carried out additional construction than permitted. Property tax is a levy issued by the government on a person’s real or personal property. The property is assessed to give it a value and, then that value is taxed. The amount of tax owed is determined by multiplying the property’s fair market value by the current tax rate.

This tax is one of the key sources of revenue for the civic body, which, on average, collects the tax of around Rs 700 crore annually. Owners of around 8 lakh properties in the city, including open plots, commercial and residential properties, are liable to pay the tax based on an assessment by PMC. The property tax department plans to use the geographical information system (GIS) to register properties in the city. The system is expected to be functional by November.

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Spent 2001-2004 buying and selling robots in Bethesda, MD. Spent several months working with tinker toys in the UK. Won several awards for selling teddy bears on Wall Street. In 2009 I was developing strategies for sausage in Prescott, AZ. Once had a dream of supervising the production of corncob pipes for no pay. At the moment I'm creating marketing channels for magma for the government. Communicator. Beer lover. Social media advocate. Travel guru. Pop culture evangelist. Entrepreneur.
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