Many municipal corporations in the country permit taxpayers to make their payments online.Owning property may be a very lucrative prospect but it must also be maintained and one of the things that need to be done to maintain it is paying property taxes. What is needed is a guide to get you started on your property tax payments. What you will need to do is to first figure out if certain basic details about your property. Once you have collected those details, the process of paying the property tax becomes simple.
There are two ways to pay property tax. The first is the good old-fashioned method of filling up the forms and paying it by submitting the forms with a cheque or demand draft for the amount due. The other method is to pay it online. This method allows for payments to be made through NEFT transfers from banks like ICICI or using credit and debit cards.
Before you get down to calculating how much tax you have to pay, you will need to know a few details about your property. These details relate to the classification of your property, its location and its dimensions.
Some of the details you need to collect will be:
You will be able to pay property tax online only if your municipal corporation has made the facility available. To be able to pay tax online you will need to gather the details of your property concerning the location of the property. Once you have the details you can go to the portal and enter the relevant information and proceed with the payment.
Example:
If your property is in Andhra Pradesh then you need to:
Once all the details have been entered you will be shown the details of the tax due on your property and you can proceed to make the payment via credit cards, debit card, or net banking. If you do intend to use net banking then you should remember that only net banking provided by authorized banks will work for property tax payments.
To pay the property tax via the old fashioned way you will need to calculate the amount that is due and fill up the appropriate forms. Once the forms are filled you will need to make the payment at the bank designated by the municipal corporation or at special cells set up by the government to collect the tax.
Example:
If your property is in Bangalore then you will need to:
Follow the steps mentioned below to pay property tax through Paytm:
Step 1: Visit https://paytm.com/municipal-payments
Step 2: Choose the Municipal Corporation for which you need to make the payment
Step 3: Click on ‘Get Tax Amount’
Step 4: Choose your preferred mode of transaction
Step 5: Proceed to complete the payment
Yes, you need to pay property tax to the municipal corporation even if the land is vacant.
Property tax helps the government to collect funds for maintenance of public places, pay salaries to government employees and much more.
Both the owners are equally liable to pay property tax in case of joint ownership over property.
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