InsuranceLiya.com

Looking to Get Insured?

+91 965-367-9024

Property Tax

Nagpur Property Tax (How to Pay, Exemptions, Contacts and More)

Property tax in Nagpur is a form of local tax imposed on real estate properties located within the limits of the Nagpur Municipal Corporation (NMC). It is one of the major sources of revenue for the municipal corporation and is used to fund various civic services and infrastructure development in the city.

Are you interested in knowing important information pertaining to property tax in Nagpur? Look no further. In this article, we will talk about the following:

 

Table of Contents:

  • How to Pay Property tax in Nagpur online?
  • How to Pay Property tax in Nagpur offline?
  • How to check Property Tax Receipt?
  • Property Tax Exemptions in Nagpur
  • How is Property Tax Calculated in Nagpur?
  • Factors that influence Property Tax in Nagpur
  • What is Annual Letting Value (ALV) and how to calculate it?
  • Last date for Property Tax Payment in Nagpur
  • NMC Address and Contact Details

How to pay property tax in Nagpur online?

Property owners must pay their property tax in a time to avoid any penalties. Follow these simple steps to pay the property tax online:

 

  • Step 1: Visit the official website of Nagpur Municipal Corporation, i.e https://www.nmcnagpur.gov.in/.
  • Step 2: Click on the Services’ tab and then click on ‘Property Tax.’
  • Step 3: Then click on the ‘Pay Tax and Generate Receipt’ tab.
  • Step 4: Enter the requested details, like property tax index number, house number, etc. Then click on search.
  • Step 5: Details like your full name, mobile number, and other relevant details pertaining to the property will be displayed.
  • Step 6: Now click on the Action’ tab. Verify the details of the property and the amount to be paid. Make the payment through internet banking, a credit or debit card, or UPI.

Pro tip: Always print out or save the receipt of the payment made.  Note: You can also see an option for paying property tax in advance for five years. Note that payment of the advance NMC property tax is optional.

How to pay property tax in Nagpur offline?

Now, let us explain in detail how you can pay your property tax offline. You can pay your property tax by visiting the nearest municipal ward offices, authorized bank branches, or citizen facilitation centres.

Follow these simple steps to do the same:

 

Step 1: Visit the nearest ward office. Always check the ward office assigned to your property.
Step 2: Mention your property details, like account number, house number, etc, to the concerned official.
Step 3: You will be provided with the challan, which presents essential details along with the property tax amount.
Step 4: Verify the details and the amount. Then you can make the payment.
Step 5: Always remember to collect the receipt of the payment made.

How to check Property Tax Receipt?

Follow these simple steps to get your property tax receipt online:

 

Step 1: Visit the official website of NMC
Step 2: Click on ‘Property Tax’ tab. Then select ‘Check Last Tax Receipt’
Step 3: Enter all the requested details relating to the property.
Step 4: Enter the captcha code and click on search.
Step 5: Your property tax receipt will be displayed instantly.

Property tax exemptions in Nagpur

Municipal Commissioner Radhakrishnan, in his budget for 2023-2024, has announced the ‘Pay Online and Get 5% Rebate Scheme’. Property Owners who pay their tax online will receive a 5% rebate on their property tax.

According to a leading news report, 4598 individuals have paid the property tax online, totaling Rs 19.89 lakh, claiming this benefit. Additionally, these individuals will also be entitled to a 10% rebate on property tax for payments made before June 30, 2023.

Nagpur Municipal Corporation (NMC) passed a resolution on January 5 proposing exemptions on properties measuring 500 sq ft or below. This resolution is likely to benefit more than 2.5 Lakh property owners in Nagpur.

Here is a list of a few tax-exempt properties on which no tax is levied by the Government:

 

  • Agricultural Land
  • Land and properties owned by the State Government, Corporation and the Union Government.
  • Properties owned by the corporation officers who are permanently physically disabled or handicapped.

How is Property Tax Calculated in Nagpur?

The Nagpur Municipal Corporation (NMC) follows a specific method to determine the property tax amount. Property tax is determined on the following basis:

 

  • Location of the Property
  • Unit Area System
  • Age of the Property
  • Type of Construction
  • Market Value of the Property
  • Type of Property/Occupancy
  • Built-Up Area
  • Basement Area

Factors That Influence NMC Property Tax

The following are factors that affect the property taxes levied by NMC:

 

  • Area of the property: Property tax is levied according to the size or area of the property. The larger the area of the property, it is likely that higher tax will be levied. According to a recent resolution passed, an exemption on properties measuring 500 sq ft or less is proposed.
  • Market Rate: Property tax is significantly influenced by the market value of the property, that fluctuates based on various factors. Higher market values often lead to increased property taxes due to their direct correlation.
  • New Construction: According NMC property tax regulations, if the property is newly constructed, the property tax levied will be higher.
  • Type of Property: Property tax will be levied accordingly on the type or basis of property. The rate levied on commercial properties will be different from the rate levied on residential properties.

What is Annual Letting Value (ALV) and how to calculate it?

In simple terms, ALV is the potential rent that the property owner could earn in a year if they rented out the property. Property tax authorities use this notional rental value as a basis for calculating property tax.

Follow these simple steps to calculate the Annual Letting Value:

 

  • Step 1: Go to the official website of NMC.
  • Step 2: Click on the ‘Calculate your ALV’ option displayed on the homepage.
  • Step 3: You will be redirected to a new page. Enter the required details like Index number, Owner Name, House Number, etc.
  • Step 4: A sample of the ALV spreadsheet will be displayed.
  • Step 5: You can refer to this spread sheet to calculate your ALV.

Last date for Property Tax Payment in Nagpur

It is to be noted that the last date for payment of Property Tax in Nagpur is June 30 every year. Failing to do the same will result in a two percent penalty per month on the property tax amount.

Nagpur Municipal Corporation (NMC) Address and Contact Details

In case of any query, feedback, or grievance redressal, you can contact the municipal corporation at the following detail

Address

Nagpur Municipal Corporation, Mahanagar Palika Marg,Civil Lines,

Nagpur, Maharashtra, India, Pin: 440 001

Telephone

0712 2567035

Email

 mconagpur@gov.in, nmcnagpur@gmail.com,

nmcngp.media@gmail.com

Website

https://www.nmcnagpur.gov.in

Author Bio

This article is written by Team InsuranceLiya.com, an independent website that writes about insurance, finance, health, and more. Our writers have a wealth of knowledge, experience, and degrees in the fields of insurance, finance, economics, and beyond.

Experience the power of Artificial Intelligence (A.I)

Chat with our super-intelligent A.I model and ask it anything about insurance and related products.

;