Indore property tax overview
Property tax is a state-imposed levy that is used primarily by municipal governments to fund the upkeep of fundamental civic infrastructure in their jurisdiction. Property taxes are an annual fee that all homeowners must pay. The tax amount, on the other hand, varies from one location to the next. In Indore Property Tax, the Madhya Pradesh government sets the property tax. Property tax revenue is used to maintain infrastructure, such as roads, drainage systems, and lighting, among other things.
Indore is often regarded as Madhya Pradesh’s education hub, because of its wealth of specialised technical colleges. The city was selected as one of India's 100 smart cities to be developed. Indore Municipal Corporation is the governing body of Indore, which is located in Madhya Pradesh, India. The municipal corporation, led by the mayor and responsible for the city's infrastructure and public services, is made up of democratically elected members. Members of several political parties occupy elected positions in the company as heads of state.
According to IMC, Indore Property tax payments can be made online by residents. In addition to making payments for other utilities, the Indore Municipal Corporation maintains a website where taxpayers can make payments. IMC property tax rates are determined by the property's value.
Required documents for paying IMC Indore property tax
When paying property tax in Indore, it’s essential to have the necessary documents ready to ensure a smooth and hassle-free process. Below are the key documents required for paying IMC Indore Property Tax:
- Property ownership proof
A document proving ownership of the property, such as the Sale Deed, Title Deed, or an agreement of sale. - Property tax receipt (previous year)
If you are a returning taxpayer, having the last paid property tax receipt can help in updating your records and ensuring you are paying the correct amount. - Valid identity proof
A government-issued photo ID, such as Aadhar Card, Voter ID, or Passport, is required to verify the identity of the property owner. - Property’s latest valuation/ assessment certificate
If available, an updated property valuation or assessment certificate will provide details about the size, location, and value of the property for tax calculation purposes. - Encumbrance certificate (if applicable)
- In case the property is mortgaged, a no-objection certificate (NOC) from the bank or lending institution may be needed.
- Khata certificate or municipal record
A Khata Certificate or document from the Indore Municipal Corporation (IMC) confirming the property’s inclusion in municipal records. - Building plan approval (if applicable)
If the property includes a building or construction, having an approved building plan or layout from the municipal authorities may be necessary for verification.
IMC property tax calculation
- Calculate the Plinth Size (PA). It refers to the property's total built-up area, which includes garages and balconies
- Calculate the current market rate for rent per square foot. The resulting figure will be used to calculate the Monthly Rental Value (MRV) per square foot
- Next, figure out how much property tax you'll have to pay using the formula below:
Annual property tax (in case of residential property)= [PA * MRV * 12 (0.17-0.30)] – [10% (depreciation)] + [8% (library cess)]
Taxpayers can also use the IMC site to complete a self-assessment form to find out how much property tax they owe based on their property's location, construction, built-up area, and other essential factors. It also allows taxpayers to locate their personal property tax account, check if any indore property tax payments have been missed or defaulted on, and obtain a no-dues certificate for their property.
Steps to pay Indore property tax online
Property tax payments in Indore can be made online by visiting the Indore Municipal Corporation website. On the left, you'll find the Indore property tax choice. When the taxpayer hovers the mouse over this option, a list of property tax options appears, from which the taxpayer must select the online payment option. The page will reroute to the payment page. Here’s a step by step guide on how to pay Indore property tax online:
- 1 Go to Mpenagarpalika.gov.in, you will see Pay taxes/ charges above all else
- 2 Then select the property tax option from the drop-down menu
- 3 If you are a registered taxpayer, enter your user ID or phone number, as well as your password, on the next screen. Create a new account if you don't already have one, and you'll be able to pay your tax online
Indore property tax due dates & rebates
Usually, the municipal corporation property tax is to be paid in advance by June 30th of every year. IMC often gives prizes to the advance taxpayers with a 6.25 per cent discount on property tax and a 6 per cent discount on water tax.
Frequently asked questions
Yes, certain exemptions and rebates may be available for senior citizens, women, and differently abled individuals. Specific criteria apply, so it is best to check with the Indore Municipal Corporation.
Yes, you can track your payment history online through the Indore Municipal Corporation (IMC) website or by visiting the local tax office. You will need your property details to access records.
Yes, you can pay overdue Indore Property Tax for previous years online. The IMC website allows users to access old tax records and make payments for outstanding dues.
Yes, the Indore Municipal Corporation offers a mobile app for convenient payment of property tax. The app allows users to view bills, make payments, and track payment history.
