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Property Tax Payment

Q: Why People are not paying property tax in time? What stopping them from paying the tax in time

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Replies (3)
1
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Abhishek Kumar Singh


@ Abhishek,
Governments impose property taxes on homeowners to finance country and municipal costs. Property taxes pay for police, banking staff, municipal workers and staff, govt. doctors & Nurses, medicine and fire personnel. It helps in public schools and utility services as well. Our municipal or government has a big stake in collecting homeowners' taxes so it can meet its budget. If you can't pay your taxes, the government will come after you. You may lose your home.
Ashish Bhoite,  Mumbai
4th July 2014


Well Asish,
If we continue to be unable to pay our taxes over a period of time, our country or municipal government will schedule our property for a tax sale. In a tax sale, someone else, usually an investor, pays the taxes on our behalf. We now owe the investor, not our government. If we don't pay, the investor can file a petition with the court to foreclose on our property and take ownership of it. so it is my request to all the resident of India that they should pay their tax on time.
Abhijit Thanki,  Mumbai
4th July 2014


2
As we all know property tax are important for property owners. Because of property taxes paid by us our government revenue department funds in important services like Schools and Important services.

There are few problems in paying property taxes: which are as below
1. Administrative Costs
2. Rate Disparity
3. Appeals and Fairness
4. Discouraging Improvement
5. Negative Image
Richa Shukla


3
Property owners in Pune often defaults their property tax payment but the initiative taken by the department to collect property dues ends in prompt payment. According to source, Pune Municipal Corporation has received total 94 cr as property tax but still more than 350 cr due is pending for payment.
Sunil Kulkarni


4

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