Property tax is a financial fee levied by the state government on a person or an agency to finance various public expenses. The property tax is a government-imposed surcharge on real estate ventures, including properties. It is a municipal tax levied on the owner. House tax is another name for property tax. Different states have different property taxes. It is also assigned to municipalities under the constitution. As a result of this delegation, various property taxation methods are used by different municipalities within the states. Local governments have been granted the authority to ensure that public services are adequately managed. The property owner is responsible for paying the bill.
Property is classified as all of a person's fixed tangible estates that are under his or her control. Buildings, grounds, and houses are all examples of real estate. The fundamental definition of property tax has not changed and remains the same all over the world. Rates often differ depending on whether the property is used for agricultural, commercial, or residential purposes.
Muncipality Corporation Delhi (MCD) Property Tax
The entire city of Delhi is divided into eight grades, ranging from A to H. MCD uses the formula Annual Value x Rate of Tax to calculate property taxes. The unit area has been assigned a value for each group. For residential, commercial, and industrial property, each category from A to H has a different tax rate. Every year, the Municipal Corporation of Delhi adjusts the property tax rate in Delhi. These rates differ depending on the property's location, age, and use, as well as its type. Taxes on land and property can be paid to the North, South, or East Municipal Corporations of Delhi, depending on the zonal district, which is further divided into wards and colonies.
Property Tax Calculation
The Unit Area System is used to collect property tax in Delhi, and it varies depending on factors like built-up area, age, location, and property type. For Property Tax collection, MCD has divided Delhi into three regions: North Delhi MCD, East Delhi MCD, and South Delhi MCD.
SDMC - South Delhi Municipal Corporation Property Tax
South Delhi property owners can pay property taxes based on their zonal district, which is divided into five zones: Central, South, West, Najafgarh, and Head Quarters.
North MCD - North Delhi Municipal Corporation Property Tax
The North Delhi Municipal Corporation (NDMC) has divided the city into seven zones: Karol Bagh, Civil Lines, Narela, Rohini, Keshavpuram District, City - S P Zone, and Head Qtrs. Wards and colonies are subdivided from these districts.
The formula for calculating the property tax is Annual value = (Covered Area X UAV X Age Factor X Use Factor X Structure Factor X Occupancy Factor)
How to pay Delhi Property Tax (EDMC, SDMC NDMC)?
Let's take a look at how you can pay your property tax in Delhi online.
How to register for MDC property tax?
Step 1: Visit https://mcdonline.nic.in.
Step 2: choose the NDMC, SDMC or EDMC to pay taxes
Step 3: log in on the top of the screen .
Step 4: Fill details and click on the submit button
Step 5: You can now log in to the MCD portal using your registered mobile number after completing a one-time registration process.
Select South Delhi MCD, North Delhi MCD, or East Delhi MCD on the official web portal, and then login using the login button at the top of the screen.
Step 6: check the box 'I Have read and I accept the Terms & conditions'
Step 7: Click on 'Click here to file property tax'
Step 8: Enter your property ID and submit.
Your property ID can also be found in the 'List of Property IDs' choice on the top menu. If you are a frequent user, your Ledger Folio Number, type of ownership, type of property, housing colony, house number, contact details, phone number, floor number, covered location, and other information will be pre-filled. Please double-check this information to ensure they are accurate.
Step 9: Choose the payment mode (debit/credit card or net banking)
Step 10: Submit your payment and you will get a receipt
How to pay Delhi property tax using mobile app?
People of the national capital can now pay their property taxes at any time and from any place, as well as download their tax receipts. The south corporation said in a statement that it has released a new smartphone application to support property taxpayers. "This application has been launched for all three municipal corporations' property taxpayers," it said.People can download the app using the connection provided on the corporation's website - mcdonline.nic.in, mcdonline.nic.in - or by scanning a QR code.
Step 1: Visit - https://mcdonline.nic.in/
Step 2: Click on Online Services
Step 3: Click on the Mobile App tab
Step 4: Click on User Manual under Support
Step 5: Follow the steps on how to install and use the app
The corporation went on to say that the app was created to provide an easy, hassle-free forum for property taxpayers during the pandemic.
Things to know: Concession, rebate and due dates
- If landowners do not pay their property taxes, they must pay a monthly penalty fee of 1%.
- Individuals who pay their whole property tax for the current fiscal year in one lump sum are eligible for a 15% refund on the overall tax amount.
- Senior citizens, women, ex-servicemen, and physically disabled people are eligible for a 30 percent property tax reduction on a single property up to 200 square metres.
- Owners of community housing flats will receive a 20% grant if they pay their property tax by the 30th of June of the current fiscal year.