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Property Tax Calculator

Calculate property tax for residential, commercial, and industrial properties across India. Get accurate estimates based on current tax rates and property specifications.

Property Details
Enter your property information to calculate the tax
₹
₹10L₹5Cr
sq ft
1005000
Tax Calculation
Your property tax breakdown

Enter property details to see tax calculation

State-wise Property Tax Rates
Current property tax rates across different states in India
StateResidentialCommercialIndustrialMin TaxMax Tax
Andhra Pradesh0.2%0.35%0.3%₹200₹30,000
Arunachal Pradesh0.25%0.4%0.35%₹300₹40,000
Assam0.25%0.4%0.35%₹300₹40,000
Bihar0.25%0.4%0.35%₹300₹40,000
Chhattisgarh0.25%0.4%0.35%₹300₹40,000
Delhi0.15%0.25%0.2%₹100₹25,000
Goa0.15%0.25%0.2%₹100₹25,000
Gujarat0.2%0.35%0.3%₹200₹30,000
Haryana0.2%0.35%0.3%₹200₹30,000
Himachal Pradesh0.2%0.35%0.3%₹200₹30,000
Showing 1 to 10 of 30 states

Understanding Property Tax

Property tax is calculated based on property value, built-up area, and property type. Residential properties use a base rate with area factor (max 2x for large properties). Commercial properties have higher rates with area multipliers (max 3x). Industrial properties use moderate rates with different area scaling (max 1.5x). Each state has different rates and minimum/maximum tax limits.

Tax Planning Tips

Pay your property tax on time to avoid penalties and interest charges. Consider early payment discounts if available. Keep all tax receipts and documents for record-keeping and potential tax benefits.

Property Tax Calculation Formulas

Understand the mathematical formulas used to calculate annual property tax.

1

Property Tax Calculation

Calculate annual property tax based on property value.

Property Tax = Property Value × Tax Rate × Depreciation Factor

Example:

Property Value: ₹50L, Tax Rate: 0.5%, Depreciation: 0.8

50,00,000 × 0.005 × 0.8
= ₹20,000

Variables:

Property Value - Assessed property value
Tax Rate - Municipal corporation tax rate
Depreciation Factor - Age-based depreciation factor
2

Quarterly Tax Payment

Calculate quarterly property tax payment.

Quarterly Tax = Annual Property Tax ÷ 4

Example:

Annual Property Tax: ₹20,000

20,000 ÷ 4
= ₹5,000

Variables:

Annual Property Tax - Total annual property tax

These formulas provide the mathematical foundation for the calculations. Actual results may vary based on rounding, compounding frequency, and specific lender policies.

Property Tax Calculator FAQs

Everything you need to know about property tax calculations and municipal charges

What is property tax?

Property tax is a tax levied by local municipal authorities on real estate properties. It's calculated based on the property's value, type, and location, and is used to fund local infrastructure and services.

How is property tax calculated?

Property tax is calculated by multiplying the property's assessed value by the applicable tax rate for the property type and location. Different states have different tax rates for residential, commercial, and industrial properties.

What are the different property types?

Properties are typically classified as residential (homes, apartments), commercial (offices, shops), or industrial (factories, warehouses). Each type has different tax rates and regulations.

When is property tax due?

Property tax is usually due annually, though some municipalities allow quarterly or semi-annual payments. The due date varies by location, typically falling between April and June each year.

What happens if I don't pay property tax?

Non-payment of property tax can result in penalties, interest charges, and in severe cases, property seizure or auction. It's important to pay property tax on time to avoid these consequences.

Can I get a discount on property tax?

Some municipalities offer discounts for early payment, senior citizens, or certain property types. Check with your local municipal authority for available discounts and eligibility criteria.

How often are property tax rates updated?

Property tax rates are typically reviewed and updated annually by municipal authorities. Changes are usually announced before the start of the financial year and may vary based on local budget requirements.

What documents are needed for property tax payment?

You typically need property tax bills, property documents, and identification proof. Some municipalities also require property assessment certificates or recent property valuation reports.

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