Property tax is a mandatory annual tax paid by landowners to local governments based on the total value of the property. It is collected on residential and commercial buildings and attached lands. There are three primary methods used to calculate property taxes: unit area value system based on built-up area price, rateable value system based on annual rental value, and capital value system based on total market value. To pay property taxes online, homeowners visit their municipal corporation website, enter property and ownership details to file taxes, confirm and submit information, then pay taxes due. Offline payment can also be made by downloading a payment challan.

1. Detail Guide
about Property
Tax
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2. Introduction to Property Tax
Property tax is a mandatory annual tax paid
by a land-owner to the government-
mandated local body or the Municipal
Corporation. It is based on the total value of
the property. The rate of this tax as well as
the manner of valuation usually varies
between municipal authorities across the
country.
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3. What is Property Tax?
These taxes are collected on all tangible real estate
properties, including –
● Residential and commercial buildings.
● Attached lands.
● Rented houses.
However, property tax is not levied on vacant plots that
have no adjoining buildings. Basically, property tax are
charges collected on land by legislatures, normally on the
state, region and country levels.
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4. Calculate Property Tax
The taxable amount is calculated by municipal authorities based on the
assessed value of a particular property. There are primarily 3 methods that
are used to calculate these taxes.
Unit Area Value System - Unit Area Value System, or UAS, is calculated
based on per-unit price of the built-up area of a particular property.
Rateable Value System - Rateable Value System or RVS calculates property
tax based on the annual rental value of a particular property.
Capital Value System - Capital Value System is calculated based on the total
market value of a property.
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5. ● Step 1 – Visit the official website of your municipal corporation.
● Step 2 – Navigate to the page where you will be able to file your property tax.
● Step 3 – Enter your property details, as well as other necessary information on that page as
you fill-up the form.
● Step 4 – Enter any additional information that the website may ask for. This can include
ownership details, building type, occupancy details, floor and total area, age, exemption
category, etc.
● Step 5 – Once all these details are submitted, you will be asked to confirm the information
and proceed with the payment of your municipal tax. Carefully go through all the given
information, and ensure that the details are correct. Once confirmed, click “Submit.”
How to Pay Municipal Tax Online?
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6. You can also choose
offline payment method
to pay the due amount.
In this case, you have to
download the payment
challan and pay the tax
within the due date as
printed on it.
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