Tag: Property tax in Patna

Latest StoriesRegulatory

Patna’s property tax collection surpasses ₹116 crore milestone

PATNA: The Patna Municipal Corporation (PMC) has set a new record in property tax collection, amassing ₹125 crore in the fiscal year 2025-26, surpassing its target of ₹116 crore. This achievement is attributed to enhanced enforcement measures and the effective implementation of a one-time settlement scheme. The tax collected this fiscal is ₹11 crore more than the ₹114 crore gathered in the 2024-25 financial year. PMC officials noted that the total revenue from various sources reached around ₹250 crore, although these figures are provisional and may increase as calculations are finalized. The municipal area encompasses 3.06 lakh holdings, with collections…

Latest StoriesRegulatory

Patna civic body collects ₹1 crore in special tax drive

Representative AI image PATNA: The Patna Municipal Corporation (PMC) successfully collected around Rs 1 crore in property tax within just two days through a targeted recovery initiative. A six-member flying squad visited various wards to collect outstanding dues from property owners with arrears exceeding Rs 50,000. Municipal Commissioner Yaspal Meena convened a review meeting on Friday with revenue and executive officers to streamline further collection efforts. Officials warned that property owners who do not settle their dues by the deadline risk having their bank accounts frozen and their properties attached. The corporation has already issued notices to major defaulters, prohibiting…

Latest StoriesRegulatory

Patna resolves 671 property tax and waste charge issues in a month

PATNA: The Patna Municipal Corporation (PMC) has addressed 671 complaints regarding property tax and solid waste charges out of 1,782 grievances reported within the past month, showcasing a significant advancement in citizen-focused governance. Officials report that the civic body is prioritizing expedited resolution through its enhanced grievance redressal system. On Monday, Municipal Commissioner Yashpal Meena stated, “We are promptly managing complaints to ensure timely relief for residents. The remaining cases, mostly directed to zonal offices, are actively being processed, with regular reviews conducted by relevant officers for prompt resolution.” The commissioner has issued stern directives to executive officers across all…

Latest StoriesRegulatory

Full Interest Waiver for Patna Property Tax Defaulters

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…

Latest StoriesRegulatory

Patna civic body collects ₹40 crore in property tax in 3 months

PATNA: The Patna Municipal Corporation (PMC) has achieved notable success in property tax collection, securing Rs 40 crore in the first quarter of the 2025-26 fiscal year, which is over 28% of its annual goal. This achievement follows a 5% rebate for property owners who made timely payments, valid until Monday, June 30. The municipal body has set an ambitious target of Rs 141 crore for this financial year, a significant increase from the Rs 117 crore collected in 2024-25. Ashish Kumar, the additional municipal commissioner, confirmed the figures, stating, “The collection represents over 28.36% of our annual target for…