Calculate your annual property tax based on property value and local tax rates
Residential: 1x (base rate)
Commercial: 2x (double rate)
Industrial: 1.5x (1.5 times rate)
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Total tax for the year₹0
Monthly payment amount0%
Actual rate after adjustments₹0
Tax amount per square footNote: This calculator provides an estimate based on general property tax calculation methods. Actual tax amounts may vary based on local regulations and additional factors.
Property tax is a tax levied on real estate, such as land, buildings, and other property. It is a municipal tax and is collected by the local government.
Property tax is also known as house tax. This tax is collected by local self-government bodies such as Gram Panchayat, Municipality, Nagar Parishad, and Municipal Corporation. This tax is levied on immovable property. This tax is levied on all types of immovable property. This includes residential and commercial properties. This tax is not levied on vacant, vacant plots.
Property tax is collected by local governments. It is used to provide amenities to local citizens. This includes expenses on roads, sewage systems, street lights, gardens, and other amenities. This tax is determined according to your property. If you deposit this tax on time, you will not be penalized. The penalty amount is not included in the tax. This tax has to be paid on an annual basis. If you are late in depositing this tax, you will be charged a penalty of 2 percent.
You can deposit property tax at the office of the local self-government body. This facility is also provided by the concerned banks. Some credit institutions provide such a facility. For this, you have to provide a property tax number. Nowadays, local self-government bodies have provided online facilities for paying taxes. It benefits the citizens. You get an exemption in paying property tax based on location, age, net income of the owner, type of property, etc. Also, some municipalities and metropolitan municipalities give big discounts if you pay the tax only once.
Enter your property's current market value
Specify the age of your property
Select your property type (residential, commercial, or industrial)
Enter the built-up area of your property
Input the applicable tax rate for your locality
Basic Property Tax = Property Value × Tax Rate
Depreciation Factor = 1 - (Age of Property × Depreciation Rate)
Final Property Tax = Basic Property Tax × Depreciation Factor
Property tax is a recurring tax levied on real estate by local municipal authorities. It is calculated based on the property's value, location, usage type, and age. The tax collected is used to fund local services and infrastructure development.
Property tax calculation typically involves:
Several factors influence property tax:
Yes, various exemptions may be available: