Property Tax in Maharashtra: Payment, Assessment, Exemptions & More

ThestateofMaharashtraimposesapropertytaxonalllandandstructures. Maharashtrapropertytaxesareassessedandcollectedbythemunicipal government.Learneverythingthereistoknowaboutthestate'staxcomputation, process,andrates.

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Up-to-date information about Maharashtra property taxes

Nashik Civic Body Reduces Development Tax Incentives During Pandemics

May 2023: Incentivesofferedtobuilderstopaydevelopmenttaxforconstructions duringtheepidemichavebeenreducedbythelocalauthorityofNashik.TheNashik MunicipalCorporation,orNMC,hasgivenbuilderspermissiontopaytaxesoverthe courseofthreephasesuptillcompletioncertificatesareprovided.

OntheadviceofmunicipalcommissionerChandrakantPulkundwar,thetown planningdepartmenthasbeendevelopingthisfacilitysinceApril,butthingsare lookinguptoday.Plansforobtainingbuildingpermitsandregularizingunlawful projectswillbehandledbytheNMCtownplanningdepartment.The aforementioneddevelopmenttaxprovidesroughly50%oftheNMC'srevenuetothe townplanningdivision.

Inthemostrecentfiscalyear,NMCreceivedRs244croreinrevenuefromdifferent townplanningdepartmentlevies.ItincludesdevelopmenttaxintheamountofRs. 106crores.ItmadeRs425croreinrevenuein2021–2022butgrantedbuilderswho filedbuildingdesignsbyDecember2021a50%premiumchargediscount.NMCalso providedthemwithsomereliefbyofferingofflinebuildingdesigns.

The Maharashtra Chief Minister requests that officials develop a comprehensive property tax policy.

May 2023: OnTuesday,Kalyan-DombivliMunicipalCorporation's27villages receivedinstructionsfromMaharashtra'schiefministerEknathShindetodevelopa comprehensivestrategyforrealestatetaxationandconstruction.

ShindeorganisedameetinginMumbaiwithmanycommitteesmadeupofpeople fromthecountryside.Thenotionoferectingamemorialforspiritualguru SawalaramMaharajwasalsotakenintoconsideration,theconferencereported.

Property Tax in Maharashtra

Throughregionalmunicipalgovernments,theMaharashtraStateGovernmentlevies andcollectspropertytaxes.Itmainlypertainstorealestate,especiallybareground. Onlineandofflinepropertytaxcollectionisdonebymunicipalgovernments.The smoothrunningofcivicinfrastructureandutilitiesincludingpublicparks, roadways,andneighbourhoodsanitationisonebenefitofthiscollectingofproperty taxes.InMaharashtra,propertyownersarerequiredtopayanannualpropertytax. Onlinepropertytaxpaymentsaresimpleandconvenientforpeople.

Maharashtra Property Tax Method of Property Assessment

AccordingtoSection154oftheMMCAct,therateablevalueofeachbuildingor pieceoflandthatissubjecttopropertytaxesisdetermined.Inplaceofany allowancesforrepairsorotheraccounts,therateablevalueofanystructureorpiece oflandisdeterminedbysubtracting10%fromtheannualrentforwhichitcanbe reasonablyexpectedthatitwillberentedfromyeartoyear.

Buildingastructuretodayspecificallytoleaseittotenantsisunusual.The departmenthasdefinedthepocketsoflocalityineachwardandprovided "ResidentialLettingRates(AnnexureH)foreachPocket"todeterminetheannual rentatwhichthebuildingisreasonablyexpectedtoberentedfromyeartoyear.

Takingintoaccountthe"ResidentialLettingRate,"theannualrentandrateable valueofthepropertyisfixedasfollows.Normally,allpropertiesarebuiltforthe individualowner'soccupation.

(MonthlyRentalX12)10%StatutoryDeductionsSubtracted

Determination of Property's Annual Value

Whencalculatingaproperty'sannualvalue,thefollowingfactorsaretakeninto account:

TheMCGMpropertytaxcalculationorevaluation(FSI)isinfluencedbyanumberof variables,includingpropertylocation,propertytype residential,commercial,or land classesofamenitiesoffered,constructionage,constructiontype multistory, singlefloor,orkutchahouse propertyoccupationstatus,carpetarea,&Floor SpaceIndex.

Takingintoaccountthesefactors,localorganisationscreateaformulatodetermine theamountofpropertytaxowedbyMumbairesidents.

ThefollowingequationisusedtocalculatetheMCGMpropertytax.

Propertytaxisequaltothetaxratetimesthecapitalvalue.

Note:

Aproportionofthecapitalvalueisusedtocalculatepropertytaxes. Thecapitalvalueisdeterminedbythebasevalue.

Therefore:

CapitalValueiscalculatedasBaseValue/MarketValuemultipliedbyBuilt-upArea, Age,TypeofBuilding,andReadyReckoner.FloorfactorXUsecategory.

Numerousvariables,includingthetypeofconstruction,theageofthestructure,and theusergroup,aregivenweights.

Maharashtra Property Tax Categories

TherearetwoprimaryformsofpropertytaxesinMaharashtra.urbanandrural.

Urban Areas Property Tax in Maharashtra

Thereare28municipalcorporationsinMaharashtraState.Thefollowinglistof websitesforvariousmunicipalcorporationsinthestatethatacceptpaymentsfor propertytaxesissuppliedbyus:

Property Tax Payment Website

https://portal.mcgm.gov.in/irj/portal/anonymous?

https://propertytax.bhiwandicorporation.in/

http://www.umc.gov.in:8080/umc/UMCWEB/English/onlineser vices.html

Sr . N o. Municipal Corporati on

1 Brihanmu mbai Municipal Corporatio n

2 Thane Municipal Corporatio n

3 KalyanDombivali Municipal Corporatio n

4 Mira Bhayander Municipal Corporatio n

5 BhiwandiNizampur Municipal Corporatio n

https://propertytax.thanecity.gov.in/

https://kdmc.gov.in/kdmc/CitizenHome.html

https://pg.mbmc.gov.in/merchantpg/tax/searchPropertyTaxes

6 Navi Mumbai Municipal Corporatio n

Ulhas Nagar Municipal

https://www.nmmc.gov.in/property-tax2 7

Corporatio n 8 Panvel Municipal Corporatio n https://panvelmc.org/ 9 SangliMirajKupwada Municipal Corporatio n https://smkc.gov.in/PT_KnowYourDues.aspx 10 Ahmednag ar Municipal Corporatio n https://propertytax.ahmednagarcorporation.in/ 11 Vasai-Virar Municipal Corporatio n https://vvcmc.in/online-property-tax/ 12 Kolhapur Municipal Corporatio n https://www.kolhapurcorporation.gov.in/English/Property_Tax_ Department.html 13 Dhule Municipal Corporatio n https://propertytax.dhulecorporation.in/ 14 PimpriChinchwad Municipal Corporatio n https://publicptax.pcmcindia.gov.in/index.php 15 Jalgaon Municipal Corporatio n https://www.jalgaonmc.org/Pages/onlinePayment.aspx 16 Solapur Municipal Corporatio n https://www.solapurcorporation.gov.in/English/eng%20oservic es.aspx

17 Aurangaba d Municipal Corporatio n https://aurangabadmahapalika.org/TaxCollection/pg/property/ getPropertyPgWebApi 18 Pune Municipal Corporatio n https://propertytax.punecorporation.org/ 19 Parbhani Municipal Corporatio n https://www.parbhanimc.org/Pages/onlinePayment.aspx 20 Ichalkaranj iMunicipal Corporatio n https://propertytax.nagarkaryavali.com/ 21 Akola Municipal Corporatio n https://akolamc.org/Pages/onlinePayment.aspx 22 Nashik Municipal Corporatio n https://propertytax.nmctax.in/ 23 Nanded–Waghala Municipal Corporatio n https://www.nwcmc.gov.in/web/ptsearchnanded?uid=234&id=E NG&fwdurl=pbill.php 24 Chandrapu r Municipal Corporatio n https://www.cmcchandrapur.com/pages/home.php# 25 Malegaon Municipal Corporatio n https://propertytax.nagarkaryavali.com/ 26 Nagpur Municipal https://www.nmcnagpur.gov.in/property-tax

https://propertytax.mclatur.in/

https://propertytax.amravaticorporation.in/

Property Tax Payment in Urban Areas in Maharashtra:

Forseveralofthestate'smajormunicipalities,thefollowingistheonlineproperty taxpaymentprocedure:

Maharashtra Property Tax Payment in Mumbai

VisittheMCGMwebsite&dothestepsoutlinedbelowtopayyourBMC/MCGM propertytaxthereonline:

Step 1: GototheBMC/MCGMwebsiteandlogin. (https://portal.mcgm.gov.in/irj/portal/anonymous??guest_user=english)

You'llbetakentoadifferentwebsite.

Step 2: Continuetothemainpageandthenextpagewillshowup.

Step 3: TypeinthecaptchaandyourPropertyAccountnumber.

Step 4: Apresentationofthepropertydetailswillfollow.Checkthedata,thenenter thetaxamount.PaymentisadjustedusingFIFO.Paythroughacreditordebitcard, netbanking,orboth.

Step 5: Afterthepaymenthasbeenprocessed,areceiptwillbegeneratedforfuture use.

Maharashtra Property Tax Payment in Thane

ByvisitingtheTMCwebsite&followingtheinstructionsbelow,youcanquicklypay theTMCpropertytaxonline:

Step 1: CreateanaccountontheTMCwebsiteandlogintopayyouryearlyproperty taxbillathttps://propertytax.thanecity.gov.in/.

Corporatio n

n

27 Latur Municipal Corporatio

n

28 Amravati Municipal Corporatio

Step 2: DecidewhetherMarathiorEnglishisyourchosenlanguage.

Step 3: Fillintheinformation,includingthepropertynumber,subcode,&your name,onthemainscreen.

Step 4: TheamountthatneedstobepaidwillbeshownwhenyouclickSearch. Paymentoptionsincludecreditcard,debitcard,andonlinebanking.

Step 5: Afterasuccessfulpayment,aninvoicewillbeissuedforfutureuse.

Navi Mumbai Maharashtra Property Tax

TopayyourNaviMumbaipropertytaxes,simplyfollowtheseinstructions:

Step 1: Gotohttps://www.nmmc.gov.in/property-tax2totheNaviMumbai government'sofficialwebsitetopaypropertytaxes.

Step 2: ChoosePropertyTaxandtypeinyourpropertycode.Tocontinue,clickthe SEARCHbutton.

Step 3: Youwillbetakentoapagethatlistsdetailsabouttheproperty,includingthe owner'sname,thefine,andtheamountowed.

Step 4: Onthelandingpage,click'PayOnline'&chooseyourdesiredpayment option.

Step 5: Atransactionreferencenumberandthechoicetoprintyourchallanare providedtoyouafterthepayment.

Pune receives payment of Maharashtra property tax

ThePuneMunicipalCorporation(PMC)offerseasyandclearwaystocheckthe statusofunpaidpropertytaxesandavailablepaymentchoices.IfyoupayyourPMC propertytaxonline,youcanalsoreceivea2%rebate.Thewebsiteproviding informationonpropertytaxescanbeaccessedinoneoftwoways.

Option 1: Visitthefollowinglinktopayyourpropertytaxesonline: https://propertytax.punecorporation.org

Tomakeapayment,choosetheonlineoptionanduseyourselectedpayment method.

Choice 2: VisitthePMC'sofficialgovernmentwebsiteat https://www.pmc.gov.in/en/ptaxinthefirststep.

Step 2: Select"OnlineServices"tobringupadrop-downoption.Youwillbetakento thepropertytaxinformationpageifyouchooseto"PayPropertyTax."

Step 3: Onthelandingscreen,click"Payonline."Then,hit"submit"afterentering yourpropertytype,SectionID,PethID,&AccountNo.

Step 4: EnteryourPunepropertytaxpayment.Checkyouremailaddressand mobilenumber.

Step 5: Chooseyourpreferredmethodofpaymentandcarryoutthetransaction.

Maharashtra Property Tax Payment in Nagpur

Step 1: Openyourcomputerbrowserandnavigateto https://www.nmcnagpur.gov.intoaccessthehomepageoftheNagpurMunicipal Corporation.

Step 2: PayyourtaxesandprintareceiptbyselectingServices>PropertyTax.A newwebpagewillbeopenedforyou.

Step 3: TypeyourIndexnumberandcaptcha,thenpressthe"Submit"button. Detailsaboutyourpropertywillbeshown.

Step 4: Ontherightsideofthispage,therewillbea'action'tab.Choose'paytax' fromthedrop-downmenunextto'Choose.'

DetailsaboutyourNagpurpropertytaxeswillbeshown.

Step 5: YoucanpayyourpropertytaxesforfiveyearseventhoughNagpurproperty taxesmustbepaidonceayear.

Ifyoupayyourentirepropertytaxamountatonce,youareeligibleforarebate. WhenpayingyourNagpurpropertytaxes,select'full'ratherthan'partial'togetthe rebate.

Rural Property Tax Payment in Maharashtra

TheRuralDevelopment&PanchayatRajDepartment,GovernmentofMaharashtra, hasbeentaskedwithcollectingtaxonpropertieslocatedinruralorGramin districts.InMaharashtra,youcanpaythegrammepanchayatpropertytaxofflineor online.

AnyofficeoftheRuralDevelopment&PanchayatRajDepartmentoranyrecognized bankbranchmaybeusedtomakeanofflinepayment.Thecitizenmustgotothe RuralDevelopment&PanchayatRajDepartmentwebsitetomakeapaymentonline. ThestepsforpayingtheMaharashtragrammepanchayatpropertytaxislisted below:

 Visitthislink:mh.gov2egov.com/GeneralPages/HomeNew.aspx

 Goto"citizenForumLogin"andclick.

 Ifyouhaven'talready,gotoregistrationandfilloutyourname,gender,email address,phonenumber,&UIDnumber.

 Getlogininformationbyprovidingyourcontactinformationandproving youridentity.

 Logintothewebsite,thenselecttheoptiontopaypropertytaxes.

 Zilla,Taluk,GrammePanchayat,andotherinformationshouldbeentered.

 Afterprovidingtheinformation,ascreenwiththedetailsofthepropertytax willappear.

 Afterclicking"paypropertytax,"youwillbetakentothepaymentgateway.

 Selectapaymentmethod,thenpaythetax.

Rural areas in Maharashtra are exempt from paying property taxes

Accordingtosub-rule(1)oftheMaharashtraVillagePanchayatAct,thefollowing landsandstructuresshallnotbesubjecttotaxation:

landandstructuresownedbyalocalgovernmentthatareusedorplannedtobe utilisedonlyforthegoodofthecommunityandnotforfinancialgain;

(b)Government-ownedlandsandstructures,whetherornottheyarebeingusedfor profit;

(c)propertiesandstructuresonlyemployedforcharitable,educational,orreligious purposes;

(d)MilitaryPersonnelWinnersofgallantryornon-gallantrymedals,aswellastheir widowsordependents,shallbeexcusedfromtaxonasingleresidentialstructure:

AslongastheapplicantcanshowacertificatefromtheDistrictSainikWelfare Officerprovingthattheyareawidowordependentofanyrecipientsofgallantryor non-gallantrymedals;

(e)propertyownedbyamemberoftheUSTechnicalCooperationMissionthatis notbeingutilisedorintendedtobeusedforcommercialgain.

(f)ThelandintheHilly&Tribalregionisexemptfromtaxation,butifitisusedfor commercial,touristic,orindustrialreasons,itissubjecttotaxation.

Up-to-date information about Maharashtra property taxes

InApril2023,NMCreceivesapropertytaxpaymentofRs.50billion.

May 2023: TheNashikMunicipalCorporationgavetaxpayerswhopaidtheirannual propertytaxesinApril2023an8%refund.Theauthoritiessaidthatmorethan1.5 lakhpeoplecontributedRs.50croresinpropertytaxesforthemonth.

Inthesamemonthlastyear,thecivicbodycollectedRs.22croresinpropertytaxes, whichisabouthalfofwhattheauthorityhasrecoveredthisyear.Authorised representativesoftheNashikMunicipalCorporationstatedthattheyofferedan8% discounttotaxpayerswhowerewillingtopaytheentireyears’worthofproperty taxesatonce.Therebatepercentageis6%forMay2023and3%forJuneuponfull paymentofthepropertytax.

BytheendofJune2023,thebodyanticipatescollectingatotalofaroundRs.100 croresinpropertytaxpayments,accordingtoanNMCofficial.

Conclusion: Maharashtra Property Tax in Context

Peoplethatpaytheirpropertytaxesontimebenefitfromhavingaccessto necessitieslikeflowingwater,sufficientenergy,well-keptroads,andmanymore. Localgovernmentsandmunicipalitiescanbettersatisfythesedemandsthanksto propertytaxes.Theestablishmentofonlineportalsforthestate'smanymunicipal corporationshasmadeitsimplerforpeopletopaytheirMaharashtrapropertytaxes ontime.

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