Property tax is a mandatory financial liability that you have to fulfil every year as an owner of a property or plot. With a house or property in Ahmedabad, it is important for you to gain insights into the property tax Ahmedabad and then proceed to pay your dues. This is because the local municipal or civic authorities in your state is responsible for the assessment of dues. Every state in India has their own mechanism in place, based on which the property tax that you are eligible to pay is determined.
The Ahmedabad Municipal Corporation, more commonly known as the Amdavad Municipal Corporation, was brought to action under the Bombay Provincial Corporation Act in 1950. Right from the start, AMC has been taking care of the civic infrastructure and administration of Ahmedabad. The corporation has been instrumental in implementing a reform of the Ahmedabad municipal tax by setting a ‘zero litigation’ record. One of the first few municipalities to have introduced online property tax payment facilities, AMC allows you to pay your Ahmedabad property tax online.
A progressive and highly advanced municipal corporation, AMC sends you the Ahmedabad municipal corporation tax bill through e-mail. Simultaneously, you also receive SMS alerts pertaining to your property tax in Ahmedabad. The Ahmedabad Municipal corporation property tax bill has several parameters like full cash value, assessed value of your property, and taxable value listed. AMC encourages you to pay your dues online in order to save time and effort.
With or without the Ahmedabad Municipal Corporation Property Tax bill, you can self-assess your total tax dues on AMC’s website. The AMC, since 2001, computes property tax in Ahmedabad payable on your property based on its capital value. This system is dependent on the following factors:
The formula you can use to manually calculate the property tax in Ahmedabad is:
Total tax payable = Area x Rate x (f1 x f2 x f3 x f4 x fn)
f1 is weightage given to the location of the property
f2 is weightage given to the type of property
f3 is weightage given to the age of the property
f4 is weightage assigned to residential buildings
fn is weightage assigned to the user of the property
You can pick all the weightages from the official AMC website.
You can easily pay property tax in Ahmedabad online by visiting the official website of the Ahmedabad Municipal Corporation. In case you want to resolve some queries or want to visit AMC personally for your tax payment, you can do so. However, the government encourages you to pay your Ahmedabad municipal tax online as you can do so stress-free. Here is how you can make your Ahmedabad house tax payment online in just a few easy steps.
You can pay your Ahmedabad house tax half-yearly once by March 31st and the other by October 15th every year. In case you pay an advance tax then as per the AMC you are eligible for a 10% rebate on your total tax dues. However, defaults or delays in payment will result in a penalty and you will have to pay a 2% per month fine for the total number of months you delay the payment.
However, just last year the government announced a 30% rebate in property tax in Ahmedabad for commercial property owners and you get a 20% rebate if your property qualifies under the Atma Nirbhar package of the state government.
Now that you know the tax details laid out by AMC, you can proceed and invest in a property in Ahmedabad to enjoy these rebates. To get a hassle-free loan against propety, opt for Bajaj Finserv. With this option, you can avail of a high-value loan with an attractive rate of interest and a flexible repayment tenor that make it easy on your pocket
Property tax in Ahmedabad is calculated on the basis of the carpet area of the property. The following are few factors on which calculation of AMC property tax depends-
Now you can pay online property tax in Ahmedabad by visiting Ahmedabad Municipal Corporation’s official website and following these steps.