The Property Tax is levied by the municipality on the property owned or occupied by an individual or entity within the municipal limits. The amount of tax is determined based on the assessed value of each property, which is then used to calculate the applicable tax rate. The tax assessed on our property is allocated to various departments for the development and maintenance of public infrastructure and services. We are obligated to pay property tax for all properties within our ownership boundary. The assessment and collection of property tax for all properties within our jurisdiction is the responsibility of the municipal authority.
Under the Maharashtra Municipal Corporation Act, property tax can be applied to various types of properties, including residential homes (owned or rented), commercial buildings, industrial establishments, warehouses, shops, offices, vacant land, etc.
It includes: