PCMC is responsible for collecting property tax in the region of Pune it, is applicable. If you don’t know how to pay your property tax bill, let us help you.
The Pimpri-Chinchwad Municipal Corporation is a local body established to maintain and manage the civic and infrastructure services of the city. The office of authority is responsible for taxing the value of the property and assets.
The real estate tax applies to all real estate and vacant land within the municipality’s territory. Property tax is assessed based on the carpet area of the building/property, and PCMC follows the capital value system for property tax calculation.
Taxes are the prominent key to revenue for the government. The same applies to property acquisition tax collected by the local municipality, eventually used to develop local amenities. Any property owner or legal entity is entitled to pay taxes on any tangible property, including residential homes, office buildings, and property leased to third parties.
Property tax bill PCMC is mandatory for every property owner; however, it is up to the owner to pay it annually or twice a year.
PCMC property tax payment process online
Home buyers can pay property tax bills PCMC quickly through offline and online modes. Below are the steps to make an online property tax payment:
Step 1: Visit the PCMC website for property tax payment: https://www.pcmcindia.gov.in/index.php
Step 2: On the “Residents” tab, click on the “Property Tax” option.
Step 3: Click on ‘Property Statement’ on another page.
Step 4: You will notice four options to browse your property details – “By Property Code”, “Search in English”, “Search in Marathi”, and “Back to Home”.
Step 5: Enter Zone details, gat no, owner name and address.
Step 6: Continue with your payment details.
Step 7: Enter your email and mobile number, select a payment option and make the payment.
An alternative way of paying house tax
It is also now possible to pay council tax through online payment portals such as Paytm. You would want to choose these portals over official city hall sites because of the process’s simplicity.
PCMC property tax payments online via Paytm
Paying PCMC tax payment online on Paytm is very easy and convenient. Just follow these simple steps:
- Select a company
- Fill in the required information such as property ID, name, address, email address, phone number, etc.
- Click on “Get Tax Amount”
- After checking the amount of tax payable, select your preferred mode of transaction, Credit Card, Debit Card, Net Banking, Paytm Wallet or UPI (UPI is only available with the Paytm App)
- Proceed with payment.
PCMC property tax payments via the website
- Go to Council Tax Payment on Paytm
- Select your company
- Enter details like “Department Number” (if any)
- Enter your property title number, such as Property ID, House ID, Property Number, Property Tax Number, etc.
- Click on “Get Tax Amount”
- After checking the amount, select the desired payment method and complete the payment.
PCMC property tax calculation
Property tax is a percentage of the property’s actual value based on a calculator or rate used by the Department of Revenue to estimate stamp duty.
Property Tax = Capital Value x Tax Rate
Capital value = Basic value * built-up area * use * building type * age factor * floor factor
PCMC permits its users to estimate property tax online by entering the property’s location, region, use, type, total age and plinth area.
PCMC property tax due date
The due date for the Property tax bill PCMC is the 1st semester (1 April to 30 September) is 31 May, and the due date for the 2nd semester (1 October to 31 March) is 31 December.
PCMC property tax penalty
In late payment after the due date, a 2% per month penalty is charged—for one semester from 1 July and two semesters from 1 January.
PCMC discounts and rewards for timely property tax payments
If the PCMC tax payment is paid in full by 31 May, the following discounts are available:
- For residential properties/non-residential premises/open land specifically registered as residential buildings, a 10% rebate on general tax in annual rateable value up to Rs.25,000 and a 5% rebate on general tax in case of annual value Rs.25,001 and above.
- In the case of residential properties having solar, vermiculture and rainwater, a 5% council tax rebate (excluding water tax and government taxes) in case of one of these projects and a 10% council tax rebate (excluding water tax and government taxes) in the case of two of these projects.
Special discounts for women
PCMC offers property tax rebates to women. On 8 March 2011, this announcement was made, and the concession was granted.
Women get many concessions when it comes to ownership and transfer of property. It was just another step to make the process easier for them because it is quite a difficult task for women to rise and acquire ownership in the first place.
The owner of the property must primarily be a woman. To inform a municipal corporation that it is eligible for a rebate, you must fill in a unique form known as the MAHILA REBATE PROPERTY FORM. The form is available online at https://www.pcmcindia.gov.in/ptax_forms.php.
Once you download and fill out the form, you will need to get a stamp worth Rs.100/- to validate and submit it along with the form.
It will get processed within 2-3 weeks, and if all the documents are in order, one will start enjoying the discount from the next cycle of PCMC property tax online payments.
It is best when applying for this concession that you do not sit on the application for a long time. Do it as soon as possible and if there are any problems processing it, fix them.
Therefore, it is best to apply well in advance of the payment cycle. It is also important to note that the woman whose name is the property may not have any pending civil charges.
Property tax collection centres in Pune
You can make the PCMC tax payment online by visiting the PMC website and entering Property Type, Section ID, Peth ID, and Account No. Fill in your mobile number, email address and payment method, net banking or card payment.
After a successful transaction, you will get the transaction status, and the payment confirmation from PMC will get displayed on the screen. Save it or print for the same.
PCMC electronic payment tax receipt important note
If a receipt is not generated due to a connection or technical problem when making an electronic payment, please check that your bank account is not debited and proceed to the electronic payment.
If the bank account is debited and the confirmation has not been generated, please check the PCMC website for an update; the confirmation will be available within three working days.
What are the property tax rebates?
While every property owner must pay a Property tax bill PCMC, there are also different types of rebates that you can enjoy when it comes to them. These rebates or discounts depend on many factors, and Pimpri-Chinchwad Municipal Corporation has its concessions.
Here are the various PCMC property tax rebates that you can enjoy:
- If you have residential property or land or non-residential property, you can also apply for discounts. If the property’s taxable value does not exceed Rs 25,000, you will get a 10% rebate on the general tax payable.
- If the taxable value is more than Rs. 25,000/-, you will be eligible for a 5% discount. PCMC has a good method of rebates for environmentally friendly and conscious households.
- If you have solar energy or run rainwater harvesting or vermiculture at your residence, you will get a discount of 5%-10%. PCMC property tax rebate percentage will depend on how many eco-friendly projects, as mentioned above, are in your residence.
Several types of properties do not have to pay any property tax at all. Let’s look at the list of such properties:
- Public burial grounds
- Sites of religious worship
- Educational institutes
- Heritage land
- Charitable association
- Agricultural land
These are some basic pointers to keep in mind regarding PCMC property tax. However, there are a few other important points to keep in mind.
What happens if there is a late payment?
Even though it is not convenient, sometimes people forget to file their Property tax bill PCMC. What can you do if you haven’t filed or even paid your taxes? Well, you will have to settle your charges in the next cycle, and it is best if you do it as soon as possible.
The crucial thing to remember here is that in case of late payment, you will be charged penalties, which is the amount you will have to pay when you pay the fees. So, if you default, you will end up paying a lot more than your usual property tax rate, and what is the point of doing that?
You will need to fill out forms indicating your default payment and submit them for a late shipment, and it is an unnecessary worry that can get avoided. So how can you save yourself from late payments?
To get started, you will need to set up a reminder. If you have an agent who handles these matters, remind them to remind you, so you do not miss a date.
The self-assessment dates end before the last PCMC tax payment online payment date, so you also need to keep track of that. It is best to be systematic about it and not take it lightly.
The default setting will strain your pocket, so it is best to avoid it as much as possible. And when you are transferring the property into your name just before the tax payment cycle, make sure your last owner pays it, or you can negotiate with them and work out the details.
Now that you know about the PCMC property tax be careful when filing it, and do not miss the most critical steps.
When you have ownership, meaning you have a property in your name, you will have to pay a specific tax on that particular piece of property. Now, this payment has to be made annually or semi-annually to PCMC.
It is the municipal corporation for Pune, considered one of the richest in the country after Mumbai. Pune is primarily a residential area or has evolved into one over time; thus, the need for a separate urban society to maintain order. So whenever you pay property tax, you pay it through a Property tax bill PCMC online payment.
The money collected in property tax is for various civic amenities such as park and road repairs, beautification, etc. So basically, the money you pay as property tax is used for your civic benefits.
Who is obliged to pay property tax?
Any individual or organisation owning tangible property, such as a house, office building, etc., must pay property tax.
What is the property tax for?
Taxes are the primary source of government revenue. Property tax is used to develop areas such as constructing and maintaining roads, parks, sewers, water lines, etc.
What happens if you don't pay property tax?
If you don't pay your property tax on time, you will have to pay penalties such as late fees. On the other hand, if you don't pay your property taxes, you may risk losing your property to a tax sale or foreclosure.
Which properties are exempt from property tax?
Any property used for religious services, public burials, cremations and heritage sites is exempt from this property. Any building utilised for educational, agricultural charitable purposes is also immune from property tax.
Who cannot pay property tax in case of joint property ownership?
Both owners must pay a share of the property tax according to their respective share of the property.