Delay in tax recovery from merged areas hampers Pune civic body’s revenue generation
PUNE: Delay in recovery of tax from properties in 32 merged areas under PMC is hampering overall revenue generation of the civic administration. Residents of these areas have been demanding that the civic administration reduce property tax rates. The state govt has put a cap on charging “maximum of twice the property tax compared to what the residents were paying when they were under gram panchayat” but the nitty-gritty of the implementation has not been worked out by the state govt, claimed PMC. According to civic officials, the state has not provided any clarity on rateable values and other formulas…