Property Tax Can be Paid Online & Offline

1
All to Know About Property Tax
2
(No Transcript)
3
What is Property Tax?

• Property tax is also levied on real estates that
  include improvement made to lands like
  constructions or any land that is attached to a
  building. Owners can make property tax online
  payment or visit the office of their respective
  authority to make payment. Heres a detailed look
  at things you must know about these taxes as an
  Indian property owner.
• Property tax should be paid yearly on time to
  time so that you should not come in the defaulter
  list. The amount which you pay in property tax is
  utilised for the improvement and betterment of
  the local infrastructure like maintenance of
  roads and schools, repairing roads, etc. The
  amount depends upon the area the property is
  located, quality of construction and occupation.

4
Steps to Pay Property Tax Online

• Step 1 - Log in to the official website of the
  respective authority, i.e., a municipal
  corporation or a concerned local body.
• Step 2 - Next, select the Property Tax option
  that would direct you to make property tax online
  payment.
• Step 3 - Now, select the correct form to pay the
  tax, depending on the category of your property.
  The use of these forms is primarily to understand
  whether any details of the property have changed
  or not over the year. Like, Form 4 is for
  unchanged details, and Form 5 applies if any
  information about the property changes as against
  the previous records.
• Step 4 - Next, select the correct assessment year
  that would identify the timeline for which tax is
  to be estimated and paid. Most corporations also
  offer an option on their website to clear any
  property tax dues from previous years.

5
Steps to Pay Property Tax Online

• Step 5 - Proceed to enter the identification
  number, personal ownership details, zone,
  locality, and the type of property.
• Step 6 - Once all these required details are
  submitted, choose from the various methods like
  debit card, credit card, net banking, etc. to
  make payment.
• After a successful property tax online payment,
  you will receive a digital receipt of such
  payment. It is advised to print such a receipt
  and keep it safe for future reference. A property
  tax receipt can serve as an essential document
  when availing advanced facilities like loans
  against property.

6
(No Transcript)
7
Calculation of property tax

• Its assessment depends on the following factors
• Area
• Age
• Status of occupancy Whether the property is
  self-occupied or the owner rents it out.
• Property type Whether it is land or commercial
  or residential property.
• The amenities available around the property like
  parking space, retail store, shopping mall,
  rainwater harvesting, medical facilities, etc.
• Construction type Whether it is a single floor
  or multi-storied property.
• Floor space
• Carpet area

8
THANK YOU