Do you own a property within the PCMC jurisdiction, Or are you looking to buy one in the near future? Then understanding the property tax rates of the PCMC is crucial. This blog will help you understand PCMC property tax rates, calculations, and payment methods.
What is PCMC Property Tax?
PCMC property tax is an annual property tax paid for owning property within the PCMC jurisdiction. The property tax is collected half-yearly by the corporation, and it acts as a significant source of revenue. These taxes are utilised for providing public amenities and enhancing infrastructure within the region. It is one of the first civic entities to adopt digital payments for PCMC property tax.
How is PCMC Property Tax Calculated?
PCMC Property Tax Formula
PCMC property tax = Built-up area x Age factor x Base value x Type of building x Category of use x Floor factor
- Built-up area- It measures the total area of the specific property, including the area of walls, columns, beams, and other structures.
- Age Factor- It is the adjustment of tax based on the age of the building. Older properties might enjoy the benefits of lower tax rates.
- Base Value- It is the standard market value of the property set by PCMC for different areas.
- Type of Building- The tax rates of the buildings vary depending on the type of building. Residential, Commercial, and Industrial buildings have different tax rates.
- Category of Use- It determines the usage of the property, whether it is used for personal use, rented, or for commercial purposes. The type of usage may affect the tax rates.
- Floor Factor- The number of floors of the building affects the tax rates. The higher the floor, the higher the tax rates.
Calculating PCMC Property Tax Online
- Visit the PCMC Property Tax Self-Assessment Portal
- In the zone tab, scroll and select the zone to which your property belongs.
- Upon selection, a sub-use type, and construction type tab will appear.
- Select the sub-type and provide details of the property area.
- Click on the ‘Calculate Property Tax’ button, and the same website will calculate the property tax.
PCMC Property Tax Rates and Slabs
Residential Property
The residential properties are categorised into three slabs depending on their size and market value determined by the PCMC municipality. Based on the market value, the tax rates are calculated.
| Market Value of the Property | Tax Rate (Per Market Value) |
| Less than ₹25 Lakh | 0.5% to 1.5% |
| Between ₹25 Lakh to ₹50 Lakh | 1.5% to 2% |
| More than ₹50 Lakh | 2% to 2.5% |
Commercial Property
The commercial properties are categorised into three slabs, based on their overall market value determined by the PCMC municipality. Based on the values, the tax rates are charged. Commercial taxes are comparatively higher than residential and industrial properties.
| Market Value of the Property | Tax Rate (Per Market Value) |
| Less than ₹25 Lakh | 1% to 3% |
| Between ₹25 Lakh to ₹50 Lakh | 2% to 4% |
| More than ₹50 Lakh | 4% to 5% |
Industrial Property
The tax rates of industrial properties are generally lower compared to commercial properties. However, their tax rates may vary depending on the size, location, and industrial zone.
Properties Exempted from PCMC Property Tax
Here is the list of properties for which PCMC has exempted certain properties from paying property taxes.
- Heritage lands
- Religious places
- Educational institutions
- Agricultural lands
- Charitable properties
- Public burial areas
- Residential buildings with less than 500 square feet
How to Pay PCMC Property Tax Online?
- Visit the official website of PCMC Municipal Corporation.
- Select ‘Residents’ from the options available in the menu.
- Click on the ‘Property Tax’ option to open an external tab.
- Click on the ‘Property Bill’ option, where you can check the property details.
- Enter the details asked in the portal— Zone, Gat No., Owner name, and Address.
- After collecting the property bill, enter the payment details.
- Enter the phone number, email ID, and pay your PCMC property tax securely.
How Do I Pay PCMC Property Tax Offline?
- Reach out to your local ward office near your property.
- Ask for the Property Tax Payment Form and fill out the required details of the property, ownership, address, and due amount.
- Submit the payment form for verification and amount calculation.
- Make the payment through cash, cheque, or online.
- After payment is done, receive the receipts containing the property tax information.
PCMC Property Tax Rebates
- Properties that pay the PCMC property tax up to ₹25,000 are rebated with 10% of the general tax.
- If the property tax exceeds ₹25,000, they are refunded with 5% of the tax amount.
- Residential properties that use a sustainable approach with solar panels, vermiculture, and rainwater harvesting are discounted with 5% to 10% of the tax, based on the number of projects installed.
What Documents are Necessary to Pay PCMC Property Tax?
Property Ownership Proof
- Sale Deed
- Registration Certificate
- Previous Property Tax Receipt
- No Objection Certificate for housing
- Encumbrance Certificate (if available)
- Gift deed, Inheritance certificate (if available)
Government ID Proof (Any One)
- Aadhar Card
- Voter ID
- Passport
- Driving Licence
Property Details
- Property ID Number
- Property Address
- Area/Zone of the Property
- Rented Property Details
Conclusion
In summary, paying the PCMC property tax is crucial for anyone who owns a property within the jurisdiction of Pimpri Chinchwad. By understanding the tax rates, calculations, payment methods, and deadlines, one can pay their taxes on time, and enjoy discounts. Failing to pay taxes on time could result in costly penalties.