In a welcome announcement, the Pimpri-Chinchwad Municipal Corporation (PCMC) has decided to refrain from increasing taxes, including property taxes, for the upcoming fiscal year 2024–2025. This marks the third consecutive year without a hike in property taxes, providing a sense of relief for residents.
Municipal Commissioner Shekhar Singh finalized the decision on Wednesday, stating that property taxes would remain unchanged for the fiscal year. The announcement comes ahead of the February 20 deadline for the civic administration to make decisions on tax adjustments for the new fiscal year.
Apart from property taxes, the municipal commissioner has opted not to alter taxes related to conservancy, fire brigade, education, trees, water, roads, or drainage. The general tax rate also remains unaffected, maintaining consistency in various financial aspects.
Furthermore, the rates for other documents issued by PCMC, such as transfer notices, administrative services, and certificates of no arrears, remain unchanged. This decision is expected to bring relief to the residents and businesses in the region.
A senior PCMC official highlighted ongoing efforts in the tax department to expand the inclusion of properties in the tax system and improve the tax recovery system. The assurance of no tax increase in the upcoming fiscal year is expected to ease the financial burden on citizens.