Property owners who own their property in mumbai, they need to pay property tax to Brihan mumbai MCGM Property Tax Pay (BMC). Paying this tax is simple. there seems to be 10%-18% of revision in property tax around this year 2022-2023. Know more about MCGM Property Tax Pay
For every 5 years MCGM conducts a revision But the year 2020 Has gone with pandemic that’s why revision didn’t conducted. But now this year 2023revision will be conducted. You are going to know more about the MCGM Property Tax Pay
Mumbai is a very big city, all the tax is collected through various ways. Every minute there is a development and modification of mumbai corporation rules. From this taxes public properties are maintaining , repairing and rebuilding them. Extra tax is applied for the one who don’t pay within the time. Mumbai corporation is changing and updating the ways of corporation.
[ Also Read: Municipal corporation property tax pay Online ]
MCGM Property Tax Calculation
- visit Official website@www.mcgm.gov.in
- Now, Enter the ward, zone, Sub zone, type of occupancy, date of effect, User main category, floor, sub floor,Year of construction, type and Nature of the building etc.
- After completing it Now click on the calculate to calculate the tax
- The property tax which is to be paid will be shown.
Tax Rates Category Wise
| Category | Rate of Tax |
|---|---|
| Residential | 0.35% |
| Commercial | 1.00% |
| Industrial | 0.90% |
| Educational | 0.14% |
| Government | 0.14% |
| Charitable | 0.14% |
MCGM Property Tax Pay Online
- Firstly, visit official website@https://www.mcgm.gov.in
- To login enter the account number as well as Capthcha.
- Afterthat, you able to pay the tax on next page.
- After payment you will get a receipt.
- Check once again that all your information are without errors
Overview table on MCGM ( BMC )Property Tax
| Category | Details |
|---|---|
| Tax Calculation Method | Based on the capital value of the property. |
| Payment Frequency | Annually, with options for half-yearly payments. |
| Payment Methods | Online through the MCGM portal, offline at designated centers. |
| Due Date | Typically by March 31st of each financial year. |
| Penalties | Late payment attracts interest and penalties. |
| Exemptions | Available for certain categories like ex-servicemen, war widows, etc. |
| Rebates | Early payment rebates and other specific rebates. |
| Name Change Process | Requires KYC registration and application through the MCGM portal. |
| Contact Information | Available on the MCGM Property Tax portal. |
MCGM Property tax Exemption
Residential properties in Mumbai that are 500 sq.ft that are exempted from the tax. Public residential properties uch as hospitals, Educational institutions and parks. properties which are used to charities and worshiping purposes.
There are some exemptions and concessions for MCGM property tax, as follows
- The residential properties which have an area of up to 500 square feet are exempt from paying property tax. The properties which are used for charitable or religious purposes are also exempt.
- For flats measuring between 500 sq ft and 700 sq ft, a concession of 60 percent of the total computed property tax is given.
- The Maharashtra state government has decided to not increase the MCGM property tax for the third time in a row, owing to the effects of the pandemic. The last revision of property tax on capital base was done in 2015.
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Highlights of MCGM Property tax
- MCGM stands for Municipal Corporation Greater Mumbai.
- In case of non tax payer on time 2 % Penalty will be added.
- Tax must be paid Before 30 th june.
Formula To Calculate MCGM Property Tax
- Property tax= Tax Rate × Capital value
- Capital value = Rate of the base value/ Market value of the property× build up area× Types of buildings × Category of use × floor factor
Important info for paying property tax
- Check out for the required documents to pay tax.
- Therefore, For further more information please contact help line number 1916 of BMC.
- Property tax application will be acceptable only through MCGM portal. otherwise it will be rejected.
- Lookout for the personal errors and the systematic errors.
Procedure To Change Name On Property Tax
To change your name on the property tax bill in Mumbai, you need to follow these steps:
- Visit the Revenue Commissioner’s office and submit an application form requesting the name change in the official property records. You also need to attach the following documents:
- Receipt of tax last paid
- Attested sale deed copy (sale deed needs to be in your name)
- NOC from the associated housing society
- The authorities will verify your application and the change in name will reflect in the records within two to four weeks.
- You can also check the status of your name change online by visiting the official website of the Municipal Corporation of Greater Mumbai¹. Log in using your credentials and click on ‘Change name in MCGM property tax record (count)’. You will be able to see whether your name in the property tax was changed or not.
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How to download Property Tax Recipet
If you want to download the MCGM property tax receipt, you can follow these steps:
- first of all you need to Visit the BMC online portal and select the ‘Online Service‘.
- moreover you should Click on the ‘Property tax details’ from the drop down list.
- After that you need to enter your Consumer Number (CCN) and click on Proceed.
- Usually you have to Select the option as ‘Duplicate Bill‘ or ‘Duplicate Receipt‘.
- Finally Click on the Bill/Receipt under ‘Action’ tab to download Duplicate Bill/Receipt.
How To Pay MCGM Property Tax Offline
You can pay MCGM Property tax Offline like below
- BMC Help Centers
- Office of the Assistant Revenue Officer
- Citizen Facilitation Centre at all the ward offices
- Property Account Number (PAN)
- Property Tax Bill
- Cheque or Demand Draft in favor of “Assessor & Collector of Property Tax”
- Cash (only up to Rs. 10,000).
To pay MCGM property tax offline you can follow these steps:
- Find the nearest Assistant Revenue Office, BMC facility, or citizen facilitation centre at any of the ward offices.
- Visit the office and ask for the property tax bill for your property. You will need to provide your property account number or address to get the bill.
- Check the bill and make sure it is correct. If you have any queries or objections, you can raise them with the office staff.
- Pay the bill amount using cash, cheque, DD, or UPI. You will get a receipt for your payment.
- Keep the receipt safely for future reference.
Benefits of Mcgm Property Tax
Paying MCGM property tax online has several benefits such as:
- Convenience: you can pay MCGM property tax online from anywhere and anytime without visiting any office or standing in any queue.
- Security: you can pay MCGM property tax online using secure payment modes and get instant confirmation and receipt.
- Transparency: you can check MCGM property tax details, dues and history online and avoid any errors or discrepancies.
- Discounts: One can avail discounts on MCGM property tax if paid online before the due date.
How To check your MCGM (BMC) Property Tax bill online
For checking the Property Tax you can follow these steps:
- first of all you need to Visit the official portal for BMC property tax payment.
- moreover you need to choose option Under the CVS (Capital Value System) Login Section, actually enter the Property Account Number and the Captcha code.
- After that usually you need to Click on the Login button to view your property tax bill details.
- You can also download or print your bill for future reference.
- To pay your property tax online, you can click on the Pay Online button and choose your preferred mode of payment. You will receive a confirmation receipt after the payment is successful.
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How To Check your MCGM Status
Follow the below steps to check your MCGM
- Go to the Citizen Portal Services website.
- Now a form will open on the portal in that and enter your property/account number.
- Enter the captcha and click on Submit.
- After that you are redirect to another page.
- You will see your property details and outstanding dues on the screen.
- You can also view and download your property tax bills by clicking on View Bill.
faqs:-
Q.Can we Pay the property tax in Offline?
Yes,you can apply in both in offline as well as Online by following the above steps.
Q.It s Mandatory to pay this tax ?
A.Of course it is mandatory. With this money the municipality maintain and repair the roads and all public Assets.
PLEASE TELL HOW TO PAY MY RESIDENTIAL TAX WHEN I AM LEAVING BETWEEN TWO MUNICIPAL CORPORATION ALLOTED PLACE.