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For every Land and property, the owners need to pay property tax. You can calculate and pay property tax online with Bajaj Finserv LAP. To know more click the link. Visit:- https://www.bajajfinserv.in/pay-property-tax-online<br><br>
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Pay Property Tax Online: Overview Every land and property owner need to pay the tax for their property. Municipal authorities collect these taxes from citizens and use them to improve civic amenities, education, transportation, recreation of local infrastructure, etc.
How to calculate Property tax? The formula for calculating property tax is:- Tax on property = Property’s base value X building type X age factor X its built-up area X floor factor X use category. Different corporation compute taxes differently, some common calculation is:- • Property Area • Occupancy status • Property type • Availability of amenities. • Construction Type • Year of construction
Factors affecting Property Tax Calculation Some of the factors that affect property tax calculation is listed below. Beside the method there are various others aspects of property that need to be considered. • State municipal corporation • Type of property • Locality • Occupancy status • Infrastructure Offered • Floor Area • Carpet Area • Number of Floors • Age factor • Base Value
Concession & Rebates on Property tax Concession is applicable only if a property is self occupied and used for residential purpose. • 30% concession for women, senior citizens as well as the physically challenged. • Ex-Servicemen- 30% • Group Housing Flats - 20%
Pay for Your Property Tax Online There are many corporations in India that lets you pay property tax online. With Bajaj Finserv you can pay your taxes with hassle free process, with simple steps and minimum documentation. • Visit the official website. • Navigate to the page where you will be able to file your Property Tax. • Enter Property Details. • Submit the details. After the process is completed you will be able to download tax receipt for the same. With this process keeping tracks of your taxes will be a lot easier and time saving.