The municipal authorities in India charge property tax on real estate. The amount to be paid depends on the monetary value of the property. Different municipal authorities levy different rates and employ different modes of evaluation for such taxes.

What is a property tax?

Both residential and commercial buildings, any improvements made on lands, and all lands attached to buildings are subjected to property tax. The tax needs to be paid annually. Usually, vacant lands not adjoining any construction are not taxed in India. The government utilizes the income from property tax for improving civic amenities like roadways, lighting systems, sewage lines and other infrastructure.

What are the documents required for paying property tax?

You need the relevant tax bills that the municipal authority of your area sends to the address of your property. All the essential details like the property tax number, the amount to be paid and such are present on the bill.

What is the procedure of paying property tax online?

You can visit the corresponding websites for the municipal authority in your area and pay the tax online. Every municipal authority has its official website, and the exact steps can vary. The basic procedure is as follows:

Step 1: Visit the designated official website of your municipal corporation.
Step 2: Search for the ‘Property tax’ payment option on the portal and select the property type, based on whether your property is residential or commercial.
Step 3: Fill out the correct Property tax Number, Khatha Number or Revenue Survey Number as demanded by the website.
Step 4: Select the year of assessment for which you are paying the tax.
Step 5: A form with the name of the owner, total area and such other data will be displayed. Carefully go through the details to ascertain the accuracy.
Step 6: You will find your outstanding tax amount at the bottom. Check with your tax bill to verify if the amount is correct.
Step 7: Once you ensure that all the details are accurate, you can pay securely through internet banking, Credit or Debit cards.
Step 8: On successful completion of the transaction, a receipt will be displayed. It would be best if you took a hard copy print out of the receipt as proof that you have paid for your property tax.

Certain factors like the location of the property, its type, the age of the property owner, their net income, and such other features entitle the owner exemptions on the tax levied on the property under some municipal authorities. You can find out such information from your local administration.

Late payment of property tax attracts penalties. With the payment process made convenient with internet payment portals, you can seamlessly file your property tax on time.

Click here to learn more about your eligibility and apply for a home loan.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



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