MCGM Property Tax 2022-23 | Payment, Tax Calculator & Download Receipt

What Is The MCGM Property Tax | MCGM Property Tax Online Payment | MCGM Property Tax Calculator | MCGM Property Tax Download Receipt

If you are a resident of Mumbai then you can take into consideration the property tax which is presented by BMC and this text must be paid each and every year by all of the people who have a legal property in their name. You can take into consideration the details related to the MCGM Property Tax 2022-23 and then you can pay the property tax online or offline. You can check out the details related to the specifications of Payment, Tax Calculator & Download Receipt given below.

MCGM Property Tax 2022-23

The Municipal Corporation of Greater Mumbai (MCGM) or BMC collects property tax from the citizens of Mumbai each and every year and this tax is one of the main sources of revenue collected by the Maharashtra Government. If anyone has any piece of land in Mumbai then they will have to pay the property tax each and every year and this property tax is utilized in order to maintain and develop the localities in Mumbai which are under construction. You can take into consideration the payment of the tax by visiting the official website of BMC. You can pay the tax offline or through the official website created by the Government.

BBMP Property Tax

MCGM Property Tax Calculator

The candidates can easily calculate the tax by taking into consideration the following details:-

• Property tax = Tax rate X Capital value
  • Property tax is a certain percentage of the capital value.
  • Capital value depends on the base value.
• Capital Value = Rate of the base value/ Market value of the property (based on the Ready Reckoner) x Built-up area x Age factor x Type of building X Category of use X Floor factor.
• There are different weights assigned for various factors like construction type, age of the building, and user category such as-
• Weights for construction type in units:
  • Bungalows and RCC construction -1 Unit.
  • Structures apart from RCC (such as semi-parameters, shawls) – 0.60 units.
  • Under construction or vacant land – 0.50 units.
• Weights for property age in units:
  • Properties constructed before 1945 – 0.80 units.
  • Properties constructed between 1945 and 1985 – 0.90 units.
  • In the Properties constructed after 1985- 1 unit.
• Weights for user category in units:
  • Hotels and alike establishments – 4 units.
  • Commercial properties (e.g. shops and offices)-3 units.
  • Industries and factories – 2 units.
  • Residential units and charitable institutions – 1 unit.

Loan Against Property

MCGM Property Tax Timeline

The candidates will have to pay the tax in Mumbai on 30th June and the previous guideline was 31st March.

MCGM Property Tax Payment Online 2022-23

In order to make your BMC Tax payment online you will have to follow the simple procedure given below:-

• You will first have to visit the official website of BMC and then the home page will open on your screen.

• You have to click on the option called online services and a drop-down when you will open on your screen.
• Select ‘pay property tax under the ‘online services.’
• Provide the property account number.
• Click on make payment.
• You can now easily pay your property tax.

Through BMC/MCGM Citizen Login Portal

• You will first have to visit the official website of BMC and then the home page will open on your screen.

• You have to click on the option of the property tax (New) button.
• Enter Property Account No. and Captcha to log in. (In case you do not have the property account no, you can click on the search option and provide the ward number and property address to get the PAN).
• After furnishing the required information, taxpayers will be again redirected to a new page where they can see the year-wise distribution of the pending dues.
• Verify the details and enter the amount one wishes to pay.
• Click on the online payment.
• You can complete the MCGM property tax payment online by using the payment gateway and generating a slip.

PCMC Property Tax 

MCGM Property Tax Payment Offline

• The candidates will have to visit the official BMC Help Centres, the Office of the Revenue Officers or the Citizen Facilitation Centres operating in all wards.
• You need to complete the payment procedure there.
• Upon completing the MCGM property tax payment procedure, an MCGM property tax receipt is issued for online and offline use. The receipt acts as ownership proof during any land dispute.
• Moreover, this document helps to avail loans against property or to update the property title in the local authority books.  
• Like every tax payment window that is open for a limited time, MCGM property tax payment is no different. So continue reading to know the last date of MCGM property tax payment.

Penalty Charges

The candidates will have to pay proper penalty charges if they are not able to pay the property tax as mentioned by the pointers given below:-

• Those who fail to pay MCGM property tax within the stipulated date will incur a penalty charge of 2% per month on outstanding payments for each succeeding month.

Download Tax Receipt

If you want to download the text receipt then you will have to follow the simple procedure given below:-

• You will first have to visit the official website of BMC and then the home page will open on your screen.
• You have to click on the option called online services and a drop-down when you will open on your screen.
• Click on the ‘Property tax details’ from the drop-down list.
• Click on the ‘Receipt of’ option.
• Taxpayers, who have followed the offline MCGM property tax payment, can avail of the challan from their respective payment centre.

CDMA Property Tax 

Email Updates

If you want to get email updates for your property tax in Mumbai then you can follow the following procedure:-

• You will first have to visit the official website of BMC and then the home page will open on your screen.
• You have to click on the option called online services and a drop-down when you will open on your screen.
• Enter the property account number.
• Put the ‘Captcha’ and click on the ‘login’ button.
• Upload the required documents and submit the attested copy.
• Provide the email ID and contact details to receive property tax alerts via email and SMS.
• Once the process is completed as well as approved, taxpayers can get confirmation by email.

Rebate Details

The residents will be able to get the rebate in the tax by taking into concentration the following details:-

• From 1st January 2019, the state legislation cleared a bill to exempt property tax on residential units measuring up to 500 sq. ft.
• Residential units with a carpet area of between 501 sq. ft and 700 sq. ft can avail of a 60% reduction in the tax rates.  
• Exemption on property tax payment in Mumbai includes property used for public worship or charitable purpose.
• Exemption on property tax payment in Mumbai further includes properties dedicated to the Diplomatic or Consular Mission of a foreign state as appointed by the Government.

FAQs