Property tax

Property tax is an amount that a property/landowner pays annually to the local or state government. It is levied on assets that classify as ‘real property,’ including land and buildings. The state's respective municipal authorities collect this tax from citizens, and it is one of the primary sources of revenue for these entities. Property tax payment online has made the process more convenient and secure, allowing property owners to pay from the comfort of their homes. The funds collected through property tax are used to fund the upkeep and improvement of civic amenities, education, transportation, recreation, local infrastructure, and more.

Property tax computation formula

Property tax is based on property valuation and appraisal as per the locality the individual resides in. The amount collected as property tax by a municipality, a municipal corporation, or a Panchayat within a state or city can vary depending on the locality’s type of levy, amenities available, and other similar factors. With this information, you can even calculate the applicable tax by yourself.

The general formula for municipal tax calculation is:

Tax on property = Property’s base value x building type x age factor x built-up area x floor factor x use category

This is a manual method, but you can also compute your property tax online. In any case, property owners can pay their taxes online or offline. Regardless of how you pay your tax, ensure that you collect the tax receipts after payment. These documents are required when you apply for certain financial instruments or when you want to claim benefits such as the loan against property tax exemption.

Documents required for paying property tax online

  1. Property ownership proof
    You need to provide a document that verifies your ownership of the property, such as a sale deed, property title deed, or registered document.
  2. Previous property tax receipt
    If you’ve paid property tax before, the last property tax receipt will help verify the payment history and assess any outstanding dues.
  3. Property ID number
    A unique property identification number (often available on previous property tax receipts or the property registration document) is required for online payment.
  4. PAN card
    The Property Owner’s Permanent Account Number (PAN) may be needed for tax filing purposes, ensuring accurate identification and verification.
  5. Address proof
    Documents like an electricity bill, water bill, or bank statement that verify your current address are often required.
  6. Khasra number / survey number
    For landowners, having the khasra or survey number can help accurately link the property to the tax record.
  7. Building layout or plan
    In some cases, particularly for newly constructed properties, the building plan or layout may be required for calculation purposes.

How to pay property tax online?

Follow these simple steps to file your property taxes online:

  • Visit the official website of your municipal corporation
  • Navigate to the page where you will be able to file your property tax
  • Enter your property details, as well as other necessary information on that page as you fill-up the form
  • Input any other information required to process, examples of which are listed below
    • Ownership details
    • Building type
    • Occupancy details
    • Floor and total area
    • Age
    • Exemption category
  • Verify and confirm the information
  • Proceed to pay your municipal tax and download the acknowledgement of receipt

By following these steps, you can easily complete your property tax payment online, saving time and avoiding long queues.

Check your property tax grievance status online

Certainly, checking property tax grievance status online involves using the website of your local tax authority or municipal corporation. Here, you can monitor the status of any grievance filed against your property's tax assessment. It is an effortless way to keep track of your complaints and see how far they've progressed in the resolution process.

Downloading your property tax receipt or invoice online is a simple and user-friendly process. Follow these step-by-step instructions:

  1. Visit the official website: Go to the official website of your local municipal corporation or tax authority.
  2. Access e-Services: Look for the section labelled "e-services" or "online services" on the homepage.
  3. Select property tax: Click on the 'Property Tax' option to proceed with the payment or receipt-related services.
  4. Enter property details: Provide your property details such as the assessment number, address, or account number to log in.
  5. View payment history: After logging in, navigate to the option that allows you to view past transactions or payment records.
  6. Download receipt/ invoice: Find the specific tax receipt or invoice you want to download. Click on the link to view it.
  7. Save the document: Press the ‘Download’ button to save the receipt or invoice directly to your system or device.

Property Tax in Other Cities

Cities

Property Tax

Delhi

Property Tax in Delhi

Mumbai

Property Tax in Mumbai

Tamil Nadu

Property Tax in Tamil Nadu

Lucknow

Property Tax in Lucknow

Kanpur

Property Tax in Kanpur

Hyderabad

Property Tax in Hyderabad

Indore

Property Tax in Indore


Consider Bajaj Finserv Loan Against Property

In the realm of mortgagor and mortgagee dynamics, products like loan against property by Bajaj Finance play a pivotal role. As the mortgagor, individuals can leverage their property to secure funds from Bajaj Finance, the mortgagee, through its loan against property offering. Here is why one should apply for a Loan Against Property by Bajaj Finance:

  • Customised loan solutions: Tailored to your specific needs, our loans against property offer flexibility in adjusting features such as the loan amount and repayment tenure, ensuring a personalised borrowing experience.
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Frequently asked questions

How to check pending property tax in Delhi?

To check your pending property tax in Delhi, you need to visit the official MCD property tax portal. On this portal, choose the zone of your property and fill in the required details such as your property ID, name, address, and property type. Once you submit this information, the website will show you the pending property tax amount, if any.

How can I find my MCD booked property online?

You can find your MCD-booked property online via the MCD's official portal. You will need to select the zone of the property first, then enter your property ID or address. Upon clicking the 'search' button, your property details will appear if it is listed and registered.

How do I know the property tax in my locality?

The property tax rates can vary depending on your locality. To find out the rate in your locality, visit the official website of your local municipal corporation (such as MCD for Delhi). Usually, there will be an online calculator or chart available showcasing the tax rates for different localities and property types.

What is the age to claim property tax exemptions?

The age to claim property tax exemptions in India typically begins at 60 or 65 years, as most municipal corporations offer concessions to senior citizens. However, the precise age and conditions for such exemptions can vary from one municipality to another. Therefore, it is advised to check the local tax laws or contact your local tax office for accurate information.

Are online property tax payment portals secure?

Yes, most online property tax payment portals use advanced encryption technologies and secure payment gateways to protect users’ personal and financial information, ensuring a safe transaction process.

How can I update my property details on the online portal?

To update property details, log in to the online portal, navigate to your account settings, and select the option to edit property information. Ensure all changes are verified before submitting.

How can I correct errors in my property tax payment records?

If there is an error in your payment records, contact customer support through the online portal. They will assist you in correcting discrepancies or guide you on submitting necessary documentation for verification.

Can I pay overdue property taxes online?

Yes, most municipalities allow the payment of overdue property taxes through their online portals, though late fees or penalties may apply. Check the portal for details on payment options for overdue taxes.

Can I correct mistakes in my property details during online tax payment?

Yes, most online property tax payment portals allow you to correct mistakes in property details before final submission. However, some portals may require verification from the municipal authority for changes.

Is property tax payment online available 24/7?

Yes, property tax payment online is generally available 24/7, allowing property owners to pay at their convenience. However, scheduled maintenance or updates may occasionally cause brief downtimes on certain portals.

Are online property tax payment portals available in regional languages?

Yes, many online property tax payment portals offer regional language options to ensure ease of use for all citizens. This feature helps individuals navigate the payment process comfortably in their native language.

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