Aurangabad Property Tax

Discover how to pay property tax online in Aurangabad efficiently. Learn about key components, calculation methods, exemptions, and deductions.
Loan Against Property
5 min
22 April 2024

Aurangabad, a city steeped in history and culture, has experienced rapid urbanisation in recent years. As part of this growth, the Municipal Corporation of Aurangabad has introduced online facilities to streamline the payment of property taxes. Paying your Aurangabad property tax online not only simplifies the process but also ensures timely payments, helping residents avoid penalties. With this convenient online option, managing Aurangabad property tax has never been easier, offering a more efficient way to handle your civic responsibilities.

Key components of property tax in Aurangabad

Property tax in Aurangabad is calculated based on certain key components:

  1. Property type: Residential, commercial, and vacant land properties are taxed differently. Rates can vary based on the property's usage.
  2. Property size: The area of the property plays a significant role in determining the tax. Larger properties generally attract higher taxes.
  3. Property location: Properties in prime locations or commercial areas may have higher tax rates due to their increased market value.
  4. Property age: Older properties might have different tax rates or depreciation factors considered in their valuation.

Why stop at just managing your property? Make it work for you! Consider applying for a loan against property to fulfill long-term financial goals or tackle emergencies. By leveraging the value of your property, you can access substantial funds with flexible repayment terms and attractive interest rates. By pledging the value of your own property, you can access large funds —all with flexible repayment options and competitive interest rates. Check our offers in just seconds!

Methods to calculate property tax in Aurangabad

Calculating property tax in Aurangabad involves a straightforward method:

  1. Unit area system: The Municipal Corporation uses the Unit Area System (UAS) to calculate property tax. Under this, properties are categorized based on their usage and size. A fixed rate per square meter is applied to determine the tax.
  2. Annual value method: For some properties, the annual rental value is assessed, and a percentage of this value becomes the taxable amount.
  3. Self-assessment: Property owners can also self-assess their property's value using the guidelines provided by the Municipal Corporation and pay tax accordingly.

Exemptions and deductions in Aurangabad property tax

While property tax is mandatory, there are exemptions and deductions available in Aurangabad:

  1. Owner-occupied properties: Some municipalities offer a rebate for properties that are self-occupied. This reduces the taxable amount.
  2. Green buildings: Properties that adhere to eco-friendly construction norms may receive tax rebates or discounts.
  3. Senior citizens: Some municipalities offer concessions to senior citizens on their property tax.
  4. Government buildings: Properties owned by government bodies or used for public purposes might be exempt from property tax.

Required documents for Aurangabad property tax

  1. Property ownership proof: A copy of the property title deed or sale agreement to verify ownership.
  2. Aadhaar card: A valid Aadhar card for identity verification of the property owner.
  3. Property address details: Complete address of the property for accurate assessment.
  4. Previous property tax receipts: Copies of previous year’s property tax receipts (if applicable).
  5. Property measurement details: Land or building measurement documents to calculate the property tax.
  6. Pan card: A valid PAN card for tax assessment purposes.
  7. Occupancy certificate: Required for newly constructed properties or those undergoing renovation.
  8. Recent utility bills: Copies of electricity or water bills for the property to confirm residency status.

Keeping your documents well-organized not only makes tax payments easier but also becomes valuable if you're considering leveraging your property for financial needs. For instance, Bajaj Finance offers a Loan Against Property, which is a secured loan that allows you to access funds while keeping ownership of your property. This makes it an ideal option for funding business expansion, education, medical expenses, or consolidating debt. With attractive interest rates and flexible repayment terms, a Loan Against Property is a smart way to unlock your property's financial potential. Check your eligibility for a loan against property in just a few seconds!

How to pay property tax in Aurangabad online

Property tax online payment in Aurangabad is a simple process:

  1. Visit the official website: Log on to the Aurangabad Municipal Corporation's official website dedicated to property tax payments.
  2. Enter property details: Input your property identification details like Property ID or unique assessment number.
  3. Calculate tax: Use the online calculator available on the portal to determine your property tax based on the given components.
  4. Choose payment method: Select your preferred payment method from options like net banking, credit/debit cards, or online wallets.
  5. Confirm payment: After making the payment, ensure you receive a digital receipt or confirmation for your records.

Property tax Aurangabad: Refund and cancellation policy

In Aurangabad, the property tax refund and cancellation policy is managed by the Municipal Corporation. Refunds are available for overpaid or duplicate payments, provided proper documentation and verification are submitted. Taxpayers must submit a written request along with proof of payment within the prescribed timeframe. Refunds are processed after verification and approval by the authorities.

For the cancellation of property tax assessments, valid reasons such as property demolition, ownership disputes, or clerical errors will be considered. Supporting documents like property deeds or court orders must be submitted for review.

Pro Tip: While handling property tax refunds or cancellations, consider using your property to secure a loan. A Loan Against Property can help you access immediate funds for any financial needs while awaiting your refund or resolving tax matters. With competitive interest rates and flexible repayment terms, this loan option provides a practical way to unlock your property’s financial potential. Check your loan eligibility in just a few seconds!

Pay property tax in other cities

While Aurangabad offers online payment facilities, other cities across India are also adopting digital platforms for property tax payments:

City

Click Now

Bangalore

BDA Property Tax

Navi Mumbai

NMMC Property Tax in Navi Mumbai

Mumbai

BMC Property Tax

Warangal

GWMC Property Tax

Haryana

Haryana Property Tax

Ludhiana

Property Tax Ludhiana

Mangalore

Property Tax Mangalore

Kolkata

Property Tax Kolkata

Bangalore

Property Tax Bangalore

Noida

Property Tax Noida

Mumbai

Mumbai Property Tax

Navi Mumbai

NMC Property Tax Guide

Ghaziabad

Property Tax Ghaziabad

Indore

Property Tax Indore


Unlocking your financial potential with a Loan Against Property

Having acquainted yourself with Aurangabad’s property tax, let's explore tailored financial solutions to meet your needs. Whether it is for expanding your business, funding education, or addressing medical emergencies, Bajaj Finserv Loan Against Property lets you leverage your property's value. Enjoy competitive interest rates, flexible repayment options, quick loan approval, and straightforward eligibility with Bajaj Finance. Check your eligibility for a loan against property instantly!

Benefits of Bajaj Finserv Loan Against Property

  1. Competitive interest rates: Bajaj Finance offers attractive loan against property interest rates, ensuring affordable borrowing.
  2. Speedy approval: Experience swift loan approval and quick disbursal, ensuring timely access to funds.
  3. Straightforward eligibility: The loan against property eligibility requirements are clear and uncomplicated, making the loan process hassle-free.

Whether you are chasing personal goals or overcoming financial challenges, Bajaj Finserv's Loan Against Property provides a versatile financial solution. Make the most of your assets and seize financial opportunities with Bajaj Finance.

Did you know you may be eligible for our offers on loan against property with low-interest rates? Check your loan against property offer in just 2 clicks!

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

How can I check my property tax in Aurangabad?
To check your property tax in Aurangabad, visit the official Aurangabad Municipal Corporation website dedicated to property tax payments and enter your property details.
What is the property tax rate in Aurangabad?
The property tax rate in Aurangabad varies based on factors like property type, size, location, and age, determined by the Unit Area System or annual rental value method.
Who has to pay property tax in Maharashtra?
In Maharashtra, property tax is generally paid by property owners, whether residential or commercial, to the respective municipal corporations or councils.
How to find assessment number for property tax in Maharashtra?
To find the assessment number for property tax in Maharashtra, you can check your property tax bill, visit the local municipal corporation's website, or contact the municipal office for assistance.
Show More Show Less