PATNA: The Patna Municipal Corporation (PMC) has announced an important relief initiative, offering a 100% waiver on interest and penalties for property tax defaulters. This measure is effective immediately and will remain in place until March 31, 2026.
This initiative is part of the newly approved “Bihar Municipal Property Tax Incentive Scheme for Interest and Penalty Waiver – 2025.” It allows property owners to settle their outstanding property tax for the financial year 2025-26, as well as for previous years, by paying just the principal amount in a single lump sum to fully clear their arrears.
The scheme has been authorized following a notification from the Urban Development and Housing Department of the Bihar government and serves as a One Time Settlement (OTS) for long-standing property tax disputes.
The waiver applies to all types of property within PMC jurisdiction, including residential, commercial, industrial, institutional, and properties owned by central and state governments. Notably, taxpayers with ongoing cases in any court or tribunal can also take advantage of the scheme, provided they submit written proof of case withdrawal. Properties that have not yet completed self-assessment for holding numbers are also eligible for this scheme; assessments will be conducted based on PMC-defined standards.
The PMC encourages all property owners to utilize this limited-time opportunity to settle their dues. However, the corporation has issued a stern warning: “Every payment and its accompanying details will undergo strict verification,” it stated. The PMC also cautioned that any attempt to provide false information or conceal facts could result in the cancellation of the waiver and further legal action.
