How to Calculate Property Tax?
                     Property 
Tax
Introduction to House Tax
Every property that you possess is an asset which 
is taxable. This is paid on an annual basis and to 
be paid by the property owner. Property tax is a 
tax paid on property owned by an individual or 
other legal entity, such as a corporation. 
What is Property Tax?
These taxes are collected on all tangible real estate 
properties, including –
● Residential and commercial buildings.
● Attached lands.
● Rented houses.
However, this municipal tax is not levied on vacant 
plots that have no adjoining buildings.
Calculate Property Tax
Unit Area Value System - Unit Area Value System, or UAS, is 
calculated based on per-unit price of the built-up area of a 
particular property.
Rateable Value System - Rateable Value System or RVS calculates 
property tax based on the annual rental value of a particular 
property.
Capital Value System - Capital Value System is calculated based on 
the total market value of a property. 
How to Pay Municipal Tax 
Online?
● Step 1 – Visit the official website of your municipal corporation.
● Step 2 – Navigate to the page where you will be able to file your 
property tax.
● Step 3 – Enter your property details, as well as other necessary 
information on that page as you fill-up the form.
● Step 4 – Enter any additional information that the website may ask for. 
This can include ownership details, building type, occupancy details, floor 
and total area, age, exemption category, etc.
You can also choose offline 
payment method to pay the 
due amount. In this case, 
you have to download the 
payment challan and pay 
the tax within the due date 
as printed on it.
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