How To Pay Mumbai’s MCGM Property Tax Online?
Property owners in Mumbai are required to pay the Municipal Corporation of Greater Mumbai a recurrent annual cost known as property tax (MCGM). Payments can be make offline or online, and the amount differs depending on the area. The Mumbai MCGM property tax is collect by the Brihanmumbai Municipal Corporation (BMC).
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Property taxes are yearly payments made to the local civic organisation to support the upkeep of public assets. The Municipal Corporation of Greater Mumbai (MCGM), also known as the Brihanmumbai Municipal Corporation (BMC), is in charge of maintaining public facilities and collecting property taxes in Mumbai. It is also the wealthiest municipal corporation in the nation, with MCGM property taxes accounting for almost 20% of the civic body’s annual earnings.
The Thane Mahanagar Palika is in charge of collecting taxes in Thane, whereas the Navi Mumbai Municipal Corporation (NMMC) has been entrusted by the State government with collecting taxes in Navi Mumbai. Continue reading to learn how to pay the MCGM property tax.
How are property taxes computed by BMC?
The Bombay Municipal Corporation, or BMC, uses a capital value-based system to calculate property tax. In essence, the property tax is calculate as a percentage of the unit’s capital value. The civic body takes into account variables such a ward, zone, locality, property usage, kind of occupancy, carpet area, property age, & floor type when calculating the tax.
How can I pay Mumbai’s MCGM property tax?
Mumbai’s civic organisation permits property owners to pay their property taxes both offline and online.
This is a step-by-step tutorial for paying BMC property taxes for internet users:
- Visit the official website to pay your BMC property taxes.
- Move the mouse pointer over the top menu tab’s ‘For Citizens’ option.
- Look for the “Pay” option in the bottom-right corner of the list of options by scrolling down.
- Instead, go down the MCGM website and select “Property Tax (New)” from the “Popular” area on the left-side of the page.
- When you select “Property Tax” from the section labelled “Pay,” the website will take you to a different page.
- Remove the screen’s pointless pop-ups.
- ‘Property Account Number’ should be enter. On prior property tax receipts, this property account number is print.
- After that, fill out the captcha & click “Login.”
- If you do not have the Property Account Number, choose “Search” from the menu that appears after “Login” and “KYC Non-Reg. User.”
- To find the number, use the property information, such as the Ward, Billing Name, & Billing Address, or the associated mobile number.
- Also, the website enables online BMC property tax calculation.
- If you haven’t previously, you’ll need to enter your Know Your Customer (KYC) information after logging in.
- Choose “Make payment” after providing the property account number.
- Provide the necessary bank information to pay the MCGM property tax balance.
- Choose a payment option to finish the transaction.
Payment of MCGM property taxes: offline procedure
In order to pay the property tax, an owner who chooses the offline payment option must go to the closest Assistant Revenue Office, BMC centre, or citizen facilitation centre at any of the ward offices.
Mumbai’s MCGM property tax exemption
Residential properties under 500 square feet are excuse from paying property taxes by BMC. A 60 percent reduction in the total compute property tax is offers for apartments that are between 500 and 700 square feet in size. This only applies to homes located inside the boundaries of Mumbai’s municipal area.
MCGM property tax penalties and late payments
The property tax in Mumbai must be paid by June 30 of each year. A penalty of 2% per month is apply to the outstanding tax amount if any property owner fails to pay property tax within this time frame.
Mumbai Navi
Similar to this, you must sign in to the Navi Mumbai Municipal Corporation’s official website. If you need to pay property taxes in Navi Mumbai (NMMC). The ‘Property Code’ is require when making a payment by residents.
Property owners in the city are no longer require to physically attend centres since the BMC is making the online property tax process easier and more seamless. People can now pay from the convenience of their own home. But it is advise to carefully follow the instructions at each stage to prevent any errors.
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