Hi Buddy,
The sum paid by the landowner to the municipal corporation or local government for his or her region is known as property tax. Every year, the tax must be paid.
The government levies a property tax on every tangible real estate that an individual possesses. Residential residences, office structures, and premises rented out to third parties are examples of real estate assets. House tax is another name for it.
The following is the formula to know property tax:Property tax = base value × built-up area × Age factor × type of building × category of use × floor factor
Property taxes in India vary by state and are based on the location of the property in issue. Different civic corporations calculate tax in different ways, but the overall picture of such calculations remains the same.
How to pay property tax onlineOnly if your municipal corporation has made the option available will you be able to pay your property tax online. To be able to pay taxes online, you'll need to gather information about your property, including its location. Once you have the information, go to the portal and fill out the required fields before completing the payment.
I conclude my answer here. Hope this suffices your query. However, if you want to know more about property tax then go through the below-given response,
How To Find Property Tax? Is It According To Square Feet?I hope this will give you a proper understanding of the same.
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Want to know property tax
Sunita Adhav
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2022-04-22T10:46:51+00:00 2022-04-26T17:59:26+00:00Comment
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