MCC Property Tax

Mysore City Corporation Property Tax (MCC Property Tax) Guide

Property tax is a fundamental source of revenue for municipal bodies, enabling them to provide essential services and maintain urban infrastructure. MCC property tax, in particular, is levied based on the Annual Rental Value (ARV) of the property, which is determined by factors such as property type, location, size, and usage.

The Mysore City Corporation (MCC) is no exception to this and understanding the intricacies of MCC property tax is crucial for property owners. The MCC property tax is used to fund services like waste management, road maintenance, street lighting, and other civic amenities.

Read on to understand the various aspects of MCC property tax, including its calculation, payment methods, services offered by the MCC property tax portal, contact details, and more.

1. Assessment and calculation:

• Property tax is typically assessed based on the annual rental value or capital value of the property.
• The formula for calculating property tax may consider factors such as property type, size, location, and usage.

2. Property tax categories:

• Properties are often categorised into residential, commercial, industrial, and vacant land for tax assessment purposes.
• Different categories may have varying tax rates.

3. Payment modes:

Property owners can pay their taxes through various modes, including online payment, at designated collection centres, or through authorised banks.

4. Due dates and penalties:

There are specific due dates for property tax payments. Late payments may incur penalties or interest charges.

5. Property Tax Identification (PTI) number:

Property owners are usually assigned a unique Property Tax Identification (PTI) number for identification in the tax system.

6. Online services:

Many municipal corporations, including MCC, offer online services for property tax payments, assessment, and obtaining related documents.

7. Exemptions and rebates:

Some property owners may be eligible for exemptions or rebates. These could include senior citizens, disabled individuals, or certain property types meeting specific criteria.

8. Assessment revision:

The municipal corporation may periodically reassess properties to adjust tax values based on market conditions or changes in property characteristics.

Services offered by the MCC property tax portal

The MCC property tax portal provides property owners with a convenient platform to manage their property tax-related affairs. Some of the services offered include:

• Online payment: Property owners can pay their property tax dues online through the MCC property tax portal. This online platform offers a secure and hassle-free way to make payments from the comfort of your home.
• View property details: Property owners can access information related to their property, including property type, location, and previous tax payment history.
• Download receipts: The portal allows property owners to download and print their property tax payment receipts, ensuring a record of their payments.

Required documents for Mysore City Corporation (MCC) property tax

Property owners in Mysore need to provide specific documents to ensure a smooth process when paying property tax to the Mysore City Corporation. These documents help establish ownership and determine the correct tax liability. Here are the essential documents required:

1. Property ownership proof

• Title deed or sale agreement
• In case of inherited property, legal heir certificate

2. Property address proof

• A recent utility bill (electricity, water, etc.)
• Rental agreement (for tenants or leased properties)

3. Building plan/ blueprint

• Approved building plan or layout of the property

4. Property tax receipts (previous year)

• Previous year’s property tax receipts, if applicable, for reference

5. Aadhaar card

• For identification and to link the property with the individual owner’s Aadhaar

6. Pan card of owner

• Helps in identifying the taxpayer

7. Bank account details

• For online payment and refund purposes, if applicable

8. Additional documents (if applicable)

• If the property is under a loan, a No Objection Certificate (NOC) from the bank

By having these documents ready, property owners can ensure a hassle-free process while paying the MCC property tax.

How to pay MCC property tax Mysore online

Paying your MCC property tax online is a straightforward process:

1. Visit the tax portal: Access the official MCC property tax portal.
2. Log in or register: If you are a registered user, log in using your credentials. New users need to register and create an account.
3. Enter property details: Enter your property details, such as the Property Identification Number (PID) or SAS Application Number.
4. Calculate tax: The portal will automatically calculate the property tax amount based on the property details provided.
5. Choose payment method: Select your preferred payment method, which could include options like credit/debit cards, net banking, or mobile wallets.
6. Make payment: Complete the payment process and receive a digital receipt.

How to calculate MCC property tax

Calculating MCC property tax involves determining the Annual Rental Value (ARV) of your property and applying the appropriate tax rate. The formula for calculating property tax can vary based on factors such as the property type (residential, commercial, industrial), location, and usage. Below is a general guide on how to calculate MCC property tax:

1. Determine Annual Rental Value (ARV): The ARV is the potential annual rental income your property could generate. It is calculated based on size, location, and property type. MCC uses different methods to calculate the ARV for different property types.
2. Apply tax rate: The ARV is multiplied by the applicable tax rate to calculate the property tax amount. The tax rate varies depending on the property type and usage. Residential properties often have a different tax rate than commercial or industrial properties.
3. Apply exemptions and deductions: In some cases, certain exemptions or deductions may apply to your property tax calculation. These could include exemptions for properties used for charitable purposes, educational institutions, government buildings, and more. Make sure to review the MCC's guidelines for any eligible exemptions.
4. Add additional charges: Apart from the basic property tax, there might be additional charges like sanitation charges, lighting charges, and other local charges that need to be added to the final property tax amount.

Here is a simplified formula for calculating MCC property tax:

Property Tax = ARV × Applicable tax rate + Additional charges

It is important to note that the exact formula and tax rates can vary annually and might be subject to updates by the MCC. To get accurate property tax calculations, it is recommended to visit the official MCC property tax portal or contact the MCC authorities directly.

MCC property tax contact details

For any queries or assistance related to MCC property tax, you can contact the MCC authorities:

• Mysore city corporation office: Visit the MCC office in person for direct assistance with your property tax queries.
• Helpline numbers: The MCC may have designated helpline numbers to provide support and address property tax-related concerns.

Understanding MCC property tax is crucial for property owners in Mysore to fulfil their civic responsibilities and contribute to the city's development. The MCC property tax portal offers convenient online services, making it easier to calculate, pay, and manage property tax obligations. By staying informed and proactive, property owners can ensure a smooth property tax experience while supporting the growth of their city.

Additionally, property owners may consider leveraging their real estate assets for financial needs, such as obtaining a loan against property. This option allows individuals to unlock the value of their property for personal or business purposes.