How can I check my property tax online in Mumbai?

Property Tax Mumbai – How to Check online

Open Municipal corporation of Greater Mumbai official portal using the link portal.mcgm.gov.in.
Select English if required or continue if convenient.
Click on Property Tax (New) from the Quick Links.
Click on Skip button to move to Citizen Portal Services.

How is property tax calculated in Mumbai?

Formula for Mumbai property tax computation The property tax is a percentage of the capital value of the property. Where capital value = Rate of base value^* Total carpet area/area of land in case of vacant land * building type * age factor * usage factor * floor factor.

Where can I find my property tax number in Mumbai?

Here are the steps to find property account number Mumbai online:

Visit the official website Municipal Corporation of Greater Mumbai.
Once you reach the homepage of the website click on the property tax option in the left panel.
You will need a property account number to login to your account.

How do I check my Mcgm property tax?

Step 1: Visit the Citizen Portal Services and enter your property/account number. Step 2: Enter the captcha. You will be redirected to your account, where you will be able to view all your outstanding and paid property tax bills.

How are residential property taxes calculated?

Property taxes are calculated by taking the mill levy and multiplying it by the assessed value of the owner’s property. The assessed value estimates the reasonable market value for your home. It is based upon prevailing local real estate market conditions.

Is property tax applicable in Mumbai?

Property Tax Mumbai 2021-22. In case you own a residential property in Mumbai, property tax must be paid to the Brihanmumbai Municipal Corporation (BMC). The process to pay the mcgm property tax is simple and can be completed online.

How can I get water bill in Mumbai?

Download Duplicate Bills/Receipts

Select “Download Bills/Receipts” from the drop-down menu.
Enter your Consumer Number (CCN) and click on Proceed.
Select the option as “Duplicate Bill” or “Duplicate Receipt”.
Click on “View” button.
Click on the Bill/Receipt under “Action” tab to download Duplicate Bill/Receipt.

What was the property tax collection in Mumbai?

Almost 3-quarters down the fiscal, property tax collection in Mumbai displays a 34% shortfall compared to last year as the Brihanmumbai Municipal Corporation (BMC) has issued no residential bills in the middle of confusion over a waiver policy for homes under 500 sq.ft.

How is property tax calculated in BMC Mumbai?

The BMC has now adopted a capital value-based property assessment and tax calculation system which depends on the stamp duty ready-reckoner rate issued by the government to estimate the property value based on different parameters. This rate is revised annually which helps BMC to arrive at a realistic value.

Is there going to be property tax hike in Mumbai?

In a major relief for Mumbai tax payers, mayor Kishori Pednekar has announced that there will be no property tax hike in Mumbai till the COVID-19 situation improves. Earlier, speculations were rife that property owners may have to witness a surge in property tax rates in 2021.

Can a house in Mumbai be exempted from property tax?

“In case of the Brihanmumbai Municipal Corporation, civic rules have been changed to waive general component of property tax for houses up to 500 sq ft. However, to waive other components of property tax, you need to change the state rules. The process of issuing an ordinance in this regard is on,” said Shelar.