Aurangabad Property Tax Online: Key Components, Methods and Benefits

Aurangabad, a city rich in history and culture, has seen rapid urbanisation in recent years. With its growth, the Municipal Corporation of Aurangabad has introduced online facilities to make it easier for residents to pay their property taxes. Paying property tax online not only simplifies the process but also ensures timely payments, avoiding penalties.

Key components of property tax in Aurangabad

Property tax in Aurangabad is calculated based on certain key components:

1. Property type: Residential, commercial, and vacant land properties are taxed differently. Rates can vary based on the property's usage.
2. Property size: The area of the property plays a significant role in determining the tax. Larger properties generally attract higher taxes.
3. Property location: Properties in prime locations or commercial areas may have higher tax rates due to their increased market value.
4. Property age: Older properties might have different tax rates or depreciation factors considered in their valuation.

Methods to calculate property tax in Aurangabad

Calculating property tax in Aurangabad involves a straightforward method:

1. Unit area system: The Municipal Corporation uses the Unit Area System (UAS) to calculate property tax. Under this, properties are categorized based on their usage and size. A fixed rate per square meter is applied to determine the tax.
2. Annual value method: For some properties, the annual rental value is assessed, and a percentage of this value becomes the taxable amount.
3. Self-assessment: Property owners can also self-assess their property's value using the guidelines provided by the Municipal Corporation and pay tax accordingly.

Exemptions and deductions in Aurangabad property tax

While property tax is mandatory, there are exemptions and deductions available in Aurangabad:

1. Owner-occupied properties: Some municipalities offer a rebate for properties that are self-occupied. This reduces the taxable amount.
2. Green buildings: Properties that adhere to eco-friendly construction norms may receive tax rebates or discounts.
3. Senior citizens: Some municipalities offer concessions to senior citizens on their property tax.
4. Government buildings: Properties owned by government bodies or used for public purposes might be exempt from property tax.

How to pay property tax in Aurangabad online

Property tax online payment in Aurangabad is a simple process:

1. Visit the official website: Log on to the Aurangabad Municipal Corporation's official website dedicated to property tax payments.
2. Enter property details: Input your property identification details like Property ID or unique assessment number.
3. Calculate tax: Use the online calculator available on the portal to determine your property tax based on the given components.
4. Choose payment method: Select your preferred payment method from options like net banking, credit/debit cards, or online wallets.
5. Confirm payment: After making the payment, ensure you receive a digital receipt or confirmation for your records.

Pay property tax in other cities

While Aurangabad offers online payment facilities, other cities across India are also adopting digital platforms for property tax payments:

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