Property Tax Rates Up This Year
New Delhi: Its taxing time forproperty ownersSince the rate of tax for different
categories has been revised, Delhiites will have to pay more from this financial year. However, no major amendments have been made in the property tax forms, according to senior MCD officials.
With June 30 being the last date to avail the 15% rebate on property tax, people can pay tax either online or submit their forms in the 12 MCD zonal offices.
As per the revised rates, colonies falling under category A and B will now have pay 12% property tax. The categories from C to H will see a rise of 1% from the previous rate 10% to 11% for categories C and E and from 6% to 7% for properties under category F to H.
For
commercial properties like multiplexes, big shopsetc, there has been an increase of 10%. The property tax rate for multiplexes, petrol pumps etc has been increased from 10% to 20%. The rate for commercial properties falling under A and B categories has been increased from 10% to 15% and from 10% to 12% for categories C to E. There is no change in the tax rate for categories F, G and H.
Press and information director, Deep Mathur, said: We have not created any new categories in the property tax forms. It is more or less the same like before. The only change is that we have added a section called the special commercial category under which multiplexes, petrol pumps, etc need to pay more tax. Under this section there is also the general commercial category which includes power distribution companies, etc.
For online payments, a person will have to first visit MCDs property tax website www.mcdpropertytax.in. If you have an old property reference ID, you will have to enter it and details of the earlier forms filled by you will be made available. A new online user will have to fill up all relevant information before they get a reference ID.
An MCD official said: You can pay by cash, card or cheque. We have tied up with HDFC Bank and Axis Bank for this purpose. According to MCD, the number of people making use of the online system of
property tax paymentis more thandouble from last year.Added an official: Around 2,000 people were using of the online system at any point of time in a day till last year, this year the number has gone up to 5,000.
Mathur said: Forms can also be submitted at zonal offices after filling them up manually. Only up to Rs 5,000 will be accepted in cash payment.
Meanwhile, with recommendations of the municipal valuation committee underway, these recommendations may or may not be applicable from this financial year. Mathur said: If recommendations made by the municipal valuation committee are accepted this year, decision regarding applicability within the same financial year will be taken in consultation with the law department.
ONLINE PAYMENT AN OPTION
For online payment, you will first have to fill out a self-assessment property return form. Payment can be made through credit card, cheque or cash
Online payment can also be made through ITZ cash centres using an ITZ cash card or cash payment. An ITZ card is a prepaid card like a Delhi Metro card
For online payment, you will first have to visit the website www.mcdpropertytax.in.
If you have an old property reference ID, enter it in and details of your earlier form will be made available
If you are a new user, you will have to fill up all relevant information before you get a reference ID After filling up the relevant details, choose your mode of payment
For receipt, click on receipt, enter your property reference ID and financial year & take a printout
Forms can also be submitted at zonal offices after filling them out manually. Only payment of up to Rs 5,000 will be accepted in cash
1. This year, changes have been made in the rate of taxes to be paid for
commercial and residential propertiesMore sections have been added to the commercial category
2 . Additional rebate of 90% instead of 40% earlier on lump sum payment will be given to govt and autonomous body-aided schools if they pay up by June 30
For all residential and commercial property owners who pay by June 30, a rebate of 15% will be given
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