Property tax or real estate tax is a tax levied on land or buildings which is imposed by the municipalities. All the citizens who own a property are liable to pay property tax. Paying property tax is not only important but is beneficial also as the funds collected is used for the development of the cities. For the convenience of the citizens, many cities have introduced online property tax system which ensures better transparency and efficiency.What is property tax?Property tax is a tax amount paid to the government annually with respect to properties such as land, buildings, housing properties, commercial and retail properties. This tax is used by the government as funds for the development of the city by providing civic services like road maintenances, educational facilities etc. In short it is the money taken from the people for the convenience of the people. Property tax is the major source of revenue for urban and local municipal bodies or authorities. Normally the amount of the property tax is based on the factors like market value of the property, number of floors in a building, age of the citizen and other such aspects.Why to pay property tax?
- Paying property tax is not only safe but it has a lot of benefits too. Both the property owner and the city can be benefited by the funds.
- Property tax discloses the actual value of the property. Therefore it allows you to know real value of the property.
- In comparison to the other taxes, property tax results in low administrative costs as the paperwork of the property tax is charged reasonable than the other taxes.
- The information regarding the property tax rates can easily be gained as they are maintained by the local bodies.
- Property tax as a source of income generation for the local governments.
- The tax payers are benefited by the various tax deductions. He can be availed from services like fire, ambulance, school funding, street cleaning and other such services that work in the favor of the citizens.
Why is it necessary to pay the tax timely?It is necessary to pay the property tax before the end of the financial year. If the owner fails to pay the property tax on time then he will be charged with the penalty. The fine amount will be charged by the Municipal Council of the respective city on the default property owners.Delhi property tax:Property Tax Rebate, Delhi:The rebate is applied for a maximum of 200 sq m of total covered area or the build- up area. This is not applicable DDA/CGHS residential flats. The residences should be self-used. If the properties are owned jointly, then the rebate will be applied to the property share of owners under rebate category.The rebate is as follows:
- For senior citizens 30% rebate is charged
- For woman owners, 30% is rebated
- 30% is rebated for physically challenged category
- Ex-servicemen are also rebated 30%
- For DDA/ CGHS residences that are upto 100 sq m size, 10 % property tax is rebated
- The group housing flats that are completed before 30th June of the fiscal year, 20% property tax is rebated.
Properties that are exempted from paying property tax:The following properties are exempted from paying property taxes:
- Agricultural lands or the lands which are used for agricultural purposes are exempted from paying property tax.
- Lands which are used for public worship
- Properties which are used public charity
- Land used for cremation
- Heritage land and buildings
- Land or building which is used by corporation
- Properties which are owned by war widows, gallantry award winner are also exempted from property tax. This is applicable only if the entire property is self-owned
Online property tax system in Delhi:Citizens of Delhi can take a sigh a relief, as the government has come-up with the online property tax payment system. Now paying taxes before deadline is quite easy. Instead of doing all the manual calculations and evaluating the tax amount, the residents of Delhi can effortlessly calculate the taxes online and pay them. The online system is quite user-friendly and anybody can easily operate it. It hardly takes 2 to 3 minutes for online processing. The main objective of the Delhi Municipal Council to go online is to maintain transparency in the system and to provide well-organized services to the citizens.Features of the Delhi Online Property Tax portal:
- The official website of the Municipal Corporation of Delhi http://www.mcdonline.gov.in/index-triple.php have introduced online services for property tax where you can file property tax returns online, generate property tax receipts, grievances and property tax grievance status online.
- Following are the highlighting features of the MCD online property tax system:
- The portal provides simplified and user friendly property tax form where within few minutes you can complete the form filling procedure
- The website provides online as well as offline help services to the users
- The government website understands the complexity of calculation therefore the online services provide all the calculation details too
- You can easily generate and print the online property tax challan
- The website monitors and assists you with property tax arrears and penalties. It also updated the changes
- On the basis of the day of filing the PTR or challan generation, all the rebates are calculated by the online portal automatically
- The portal helps to calculate the late fees if the property tax is paid after the due date and also computes the interest amount
- The online property tax system provides various modes of payment such as Credit Card, ITZ Cash, cash, Cheque and DD at authorized CSB centers and bank counters.
- It also monitors and maintains property tax policies like property tax rates, units area value, types of property that are taxable, colony master, rebate and exemption criteria and various other polices
- The online property tax system can be accessed anywhere and at anytime
- Procedure for paying property tax online for the first-timers:
- Once you log-in to the official website http://www.mcdonline.gov.in, on the right hand side of the web-page you can see a box where online services is written
- After you click on the box, you will land to the list of online services provided by the website
- From the list check out for property tax option and click on the service you want. There will be options like Online Filing of Property Tax Returns, Property Tax Receipts, Property Tax Grievances, Property Tax Grievance Status, you can select option category which you require
- The new user will be asked details such as ownership details, property address, contact details and other such related information
- Once the user fills all the details, the website displays a declaration form
- After reading the declaration form carefully, you can click on the submit button
- The complete details of the individual will be displayed
- If you chose for the option of filing property tax, then the website will ask for your Property ID
- Once you enter the prop id, the step by step process will continue like the amount to be paid, period of payment, mode of payment etc.
- After the payment is done a confirmation message will come with the print option.
The online system is designed to cater services to all three corporations, North Delhi Municipal Corporation, South Delhi Municipal Corporation and East Delhi Municipal Corporation.займ на карту без отказов круглосуточновзять кредит онлайн