Paying your Property Tax on Time is Important - PowerPoint PPT Presentation

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Paying your Property Tax on Time is Important

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The property on which you ought to pay the house tax is a real estate asset. It is tangible and is owned by a person. The property on which the tax is collected can be a commercial or a residential or some space that has been rented to another person. – PowerPoint PPT presentation

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Title: Paying your Property Tax on Time is Important


1
Pay Property Tax Online
2
Property Tax is levied on all Lands and Buildings
in New Delhi and it can be paid online. The rate
of taxes are determined by Council from year to
year basis. Property tax is a state levy unlike
Income tax on house property which is charged by
the central government.
3
The best part of property tax online is that the
amount which is collected is further utilised for
the improvement of the local infrastructure like
maintenance of roads and schools, repairing
roads, etc. There can be differences in the
Property Tax in accordance to different locations
within a city, and between cities and
municipalities.
4
Steps to Pay Property Tax Online
  • Step 1 Visit the official website of your
    municipal corporation.
  • Step 2 Navigate to the page where you will be
    able to file your property tax.
  • Step 3 Enter your property details, as well as
    other necessary information on that page as you
    fill-up the form.
  • Step 4 Enter any additional information that
    the website may ask for. This can include
    ownership details, building type, occupancy
    details, floor and total area, age, exemption
    category, etc.
  • Step 5 Once all these details are submitted,
    you will be asked to confirm the information and
    proceed with the payment of your municipal tax.
    Carefully go through all the given information,
    and ensure that the details are correct. Once
    confirmed, click Submit.

5
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6
GHMC Property Taxes
GHMC utilises annual rental value to determine a
propertys tax rate. Furthermore, it also enlists
various slab rates when charging taxes on
residential properties. Residents in the
Hyderabad area, for instance, need to pay such
taxes as per the guidelines set by the Greater
Hyderabad Municipal Corporation or GHMC. The
municipality leverages this income to improve
public services in Hyderabad so pay ghmc property
tax. Annual property tax 8 library cess x
Gross Annual Rental Value x slab rate (which can
range between 17 and 30 based on Monthly Rental
Value of the property) 10 depreciation
7
PAY YOUR PROPERTY TAX ONLINE TODAY!
8
The property tax or house tax is imposed on the
owners of properties by the municipal
authorities. The reason for collecting the house
tax is to spend the collected amount on the
maintenance of
Roads
Footpaths
Parks
sewer systems among others
9
  • Thank You
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