Property tax is a levy issued by a government on a person's real or personal property. The property is assessed to give it a value, and then that value is taxed. The amount of tax owed is determined by multiplying the fair market value of the property by the current tax rate.
Property tax is the second largest source of revenue in Pune. Pune Municipal Corporation is solely responsible for levying and collecting property tax payment in Pune. PMC cover more than 8 lakh properties in its purview. Pune has online as well as offline property tax payment facility