Here’s How You Can Pay Property Tax Online
Paying your property tax is important, but does the process of filling lengthy forms and standing in long queues daunt you? To give relief to property tax payers, several municipal corporations across the country have introduced the online payment facility to pay tax on property in India.
To pay property tax online, all you need is an internet connection, credit/debit card and the right papers and details. MakaanIQ tells you the things you need to know about online property tax payment.
What is property tax?
Property tax is a levy on properties that landlords have to mandatory pay every year. A homeowner is expected to pay this tax to the municipal authority under which his or her property falls. The money collected through this tax is used for maintaining basic infrastructure of the city. Property tax is levied on the annual rental value (ARV) of the property.
What is property ID?
The municipal authorities allot a unique identification number or property ID to each property at the time of property registration. This is the ID by which your property is located in government records, so you need it while paying property tax online.
Key instructions to follow
There are certain properties which are eligible for exemption from property tax. These include:
A property can be evaluated on the basis of certain criteria. These include:
How to calculate your property tax
Let us take look at how you can pay property tax online in, for example, Delhi.
Things to remember