Pay BMC Mumbai Property Tax: MCGM Property Tax

Mumbaipropertyownershipispricey;inadditiontothepurchaseprice,thereisalso propertytaxtopayinordertoreceiveotherfacilities.Mumbaihasninemunicipalities,and eachofthemisinchargeofacertaincorporation.IfyouresideinMumbaiorGreater Mumbai,youshouldutilisetheMCGMpropertytaxportaltopayyourpropertytaxes.The NaviMumbaiMunicipalCorporation(NMMC),though,isinchargeofcollectingtaxesin NaviMumbai.Let'sexaminetheMCGMpropertypaymentindetail.

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Property Tax Payment for

MCGM

MunicipalCorporationofGreaterMumbaiisthefullnameoftheorganisation.TheMCGMis alsoknownastheBrihanmumbaiMunicipalCorporation(BMC).Eachyear,therealestate taxiscollected.Thecity'sessentialservicesandthemaintenanceofnearbyamenitiesare fundedbythehousetax.MumbaiusestheCapitalValueSystemtodeterminetheproperty tax,whichisbasedonthemarketvalueoftheproperty.

Making sense of the MCGM property tax

TheMCGMpropertytaxinMumbaiiscalculatedusingtheformulabelow–

CapitalValue*TaxRate=PropertyTax

CapitalvalueinthiscaseisMarketvalueofthepropertytimesthetotalcarpetareatimes theweightsassociatedwiththebuilding'sageandconstructiontype.

Basedonthereadyreckoner,whichthestategovernmentdetermines,marketvalueis determined.

Unit weights for "construction type":

Bungalows and RCC construction 1Unit

OtherthanRCC(semi-permanent/chawls) 0.60Units

Under-constructionorvacantland 0.50Units

Unit weights for "age of building"

Propertiesconstructedbefore1945 0.80units

Propertiesconstructedbetween1945and 1985 0.90Units

Propertiesconstructedafter1985 1Unit

ByprovidingtheWard,Zone,SubZone,aswellasotherinformation,theMCMGtax calculatorcanalsobeusedtodeterminethepropertytax.

Implement the MCGM Property Tax Payment Calculator.

AnexplanationofhowtocomputetheMCGMpropertytaxisprovidedbelow.

VisittheMCGMTaxPortalat@ptaxportal.mcgm.gov.inasthefirststep.

Step 2: SelectthelinkthatappearsbeneaththeTaxCalculatorhead.

Step 3: Entertheinformation,includingtheward,zone,sub-zone,occupancytype, effectivedate,category,carpetarea,andtaxcode,amongotherthings.

Step 4: SelectCalculateTaxfromthemenu.DetailsoftheMCGMpropertytax paymentwillbeshownonthescreen.

Step 5: ClickonDetailtoaccessthetaxinformation.Itwillincludeallofthetax calculation'sspecifics.

Online MCGM Property Tax Payment Method

YoumustsignintotheMCGMwebsiteinordertopayMCGMpropertytaxonline.The processestopayingtaxesonlineinMumbaiareasfollows:

Step 1: AccesstheMCGM/BMCwebsitebylogginginatirj/portal/anonymous? navurl:/16752e124c9b8ed0cd57e504788888b8.

Step 2: SelectPropertyTaxunderCitizenServices.You'llbetakentoadifferentpage.

Step 3: Afterenteringthecaptcha,logintothewebsiteusingthepropertyaccount number.

Step 4: Adisplayofthepropertydetailswillappear.Verifytheinformationandenterthe taxpaymentamount.FIFOisusedtoalterthepayout.UseNetBanking,acreditcard,ora debitcardtomakethepayment.

Step 5: Areceiptwillbegeneratedoncethepaymenthasbeenprocessedandcanbekept forfutureuse.

MCGM Offline Property Tax Payment Process

YoucanalsopayyourMCGMpropertytaxesoffline.Therearenumerousassistanceand facilitationcentresforcitizens.Youcanalsopayintheofficeoftheassistantrevenue officers.Forofflinepayments,youcanmakeuseofcash,checks,DDs,orUPIpayment methods.Thereceiptwillbegivenoncethepaymenthasbeenmadeatthecentreand shouldbestoredsafely.

Property Tax Rebate and Penalties

Ataxexemptionisofferedtopropertiesthatmeetthefollowingrequirements:



Publicusesofpropertiesincludeplacesofworshipandcharitabletrusts,among others.

Propertieswithfewerthan500squarefeetreceivea100%discount 



Flatsorhouseswithasizeof500to700squarefeetareeligiblefora60%discount.

Penalty: ThetaxmustbepaidbyJune30thofeachyear,andeachmonththatitisnotpaid willresultina2%interestcharge.

MCGM property tax: Email-based property bill delivery

IfyousubmityourKnowYourCustomer(KYC)formontheMCGMsite,youcangetyour propertytaxbillthroughemail.YouwillnoticeanotificationforKYCwhenyoufirstopen theportal;clickonit.Allnotifications,alerts,andbillswillthenbedeliveredtoyour registeredemailaddress.GetyourKYCpaperworkinordertoavoidpenaltiesforMCGM propertytaxthatisoverdue.

Youmustinputyouremailaddressandmobilenumberaswellasuploadthenecessary papersonthewebsitetocompletetheKYC.Youwillreceiveaconfirmationlinkonyour emailaftertheKYCisfinished.

Property tax for MCGM: Name Change

TherearenoexpensesassociatedwithchangingyournameonyourMCGMpropertytax.If theportalisavailable,thenamechangecanbecompletedin3daysasopposedtoupto15 daysifyouvisittheSROoffice.Sincethemodificationisbasedonrecordedsalesdeeds,you arenotrequiredtosubmitanypropertycards.Thenamewillbealteredsimultaneouslyon thepropertycardoncethechangeshavebeenmadeinMCGM'srecords.Onthesame portal,click"ViewDetail"toviewtherecord.

MCGM Property Tax: Important Information

ThefollowingconsiderationsmustbemadewhenpayingMCGMpropertytax:

TheMCGMpropertytaxpaymentdeadlineisJune30ofeachfiscalyear.The propertytaxforthe2022–2023fiscalyearsisdueonorbeforeJune30,2023. 

Penaltiesof2%oftheunpaidpropertytaxwillbeassessediftheMCGMproperty taxispaidlate.Everymonthupuntilthetaxispaid,thepenaltyisassessed. 

Ifyouhaveacomplaintorproblem,youcandosoonline. 

OntheMCGMpropertyportal,thenamechangeisfeasible.Youmust,however, furnishthemostrecentMCGMpropertytaxreceipt.Youcouldalsorequirea transactiondeedandanauthenticatedcopyofthesociety'sNOC.

MCGM Property Tax: Recent Information

PropertytaxesforMCGMwillprobablyriseby12to18percentunderBMC.Thecivic organisationhadpreviouslyplannedthetrekfor2020.However,thecoronavirus pandemicpreventeditfromhappening.TheMumbaiMunicipalCorporationAct(MMCAct) mandatesthatpropertytaxesbeupdatedeveryfiveyears.Propertytaxesweresupposed tobringaroundRs7000croreforBMC.Theydid,however,collectRs4,853billion.

Onthebasisofrecentdevelopments,theMaharashtragovernmentdecidedagainstraising thepropertytaxinMumbai.Forthethirdyearinarow,nodecisionwasmadetoraisethe propertytax.

Inanotherpieceofnews,theHon'bleSupremeCourtofIndiaruledthatMCGMcanonlytax realestatebasedonitscurrentusestatus,notitsprojecteduseinthefuture.Thedecision wasmadebythecourtinconsiderationofMCGM'schoicetobasepropertytaxonthe capitalworthofthelandratherthanthepreviousmethodofcalculatingthetax.

Property Tax for MCGM: Contact Information

Ifyouhaveanycomplaints,questions,orevencriticism,pleasecontactusatthefollowing numbers&address: Address:GreaterMumbaiMunicipalCorporation, HeadOffice,MumbaiC.S.T.400001

Emailaddressisportalfeedback.it@mcgm.gov.in

Conclusion: Payment of MCGM Property Taxes

TheMumbaiadministrationisdoingeverythingpossibletomakepayingMCGMproperty taxessimple.Awebsiteforpayingmunicipalpropertytaxeshasbeenestablishedbythe BidhannagarMunicipalCorporation(BMC),alsoknownastheMunicipalCorporationof GreaterMumbai.ThefeesarecollectedyearlyinMumbai.Wesuggestutilisingaproperty taxcalculatortodeterminetheMCGMpropertytaxbeforetomakingthepayment.

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