It is tax levied by the local body on immovable property – land and structures that are permanently attached to the ground such as house, building or land
Property tax is a recurring charge that the owner has to pay every year
Factors affection property tax
1) property location
2) property size
3) under construction or ready to move
4) gender of property owner – may be discounts for female owners
5) age of property owner – may be discounts for senior citizens
6) civil facilities provided by the municipal body in the locality
Necessity of property tax
The local municipal body provides certain important services, like cleanliness in area, water supply, maintenance of local roads, drainage and other civil facilities
Property tax allows the municipal bodies to get revenue for funding all the services that if provides
Property tax is calculated according to the recent property valuation conducted by the municipal body
Only owner of property is liable for paying of property tax
Property tax receipt plays a crucial role to prove property ownership in case of court disputes, consequently when you buy the property the title of the property should be updated in municipal records
Ahmednagar mahanagarpalika house tax calculation
Ahmednagar mahanagarpalika given monthly rent charge per square metre based on location ie zone, use of property and age of building
If house tax is paid before due date discount is offered
If owner has used minimum 2 renewable energy for his house ie solar energy/rain water harvesting/wind,energy
Mahanagarpalika offers 10% discount to house tax
Renewable energy is the energy that is collected from renewable sources which are naturally replenished on a human time scale such as sunlight, wind, rain, tides, waves and geothermal heat
