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Calculate Bhopal Property Tax & Online Payment
Real estate owners of Bhopal have the duty to pay property tax to local municipal corporation. The collected tax amount is a potential source of revenue for the Government, which is used for provide improved civic amenities.
Individuals willing to purchase property in Bhopal must know about this tax amount to estimate the cost of owning a property in a year along with other property-related expenses.
Read on to know about property tax in Bhopal in detail.
What Is the Property Tax in Bhopal?
Property tax in Bhopal is a direct tax that the Urban Local Body of the city imposes on property owners.
Bhopal Municipal Corporation (BMC) administrates the collection of house tax within the city. Here, individuals must pay house tax in Bhopal semi-annually.
As individuals now know the meaning of property tax, the next job includes learning about calculation, payment process and other essential details. Read along!
How to Calculate Property Tax Amount in Bhopal?
While computing the house tax amount in Bhopal, BMC follows the method of the annual rental value of a property (ARV).
ARV is a methodology where the gross annual rent of a property is decided by the municipal body, and the tax amount is set on the basis of the estimated value.
Follow the formula mentioned below to calculate property tax in Bhopal,
Bhopal Nagar Nigam Property Tax = Built-up area x Age factor x Base value x Type of building x Category of use x Floor factor
Here,
- Built-up area refers to the gross area of a property, i.e. total size of a house or property.
- Age factor denotes the age of the property.
- Base value means the base value of a property.
- Type of building meaning residential or commercial.
- Floor factor means multi-floor or single floor.
- Category of use means self-owned or rented.
Know more about what is Property Insurance and why it is important?
How To Pay the Property Tax in Bhopal?
To streamline the house tax payment in Bhopal, BMC allows individuals to pay the same via both online and offline modes. Read the following sections thoroughly!
How To Pay the Property Tax in Bhopal Online?
Follow the steps mentioned below to pay Bhopal Nagar Nigam property tax online,
Step 1 – Visit the official website of Madhya Pradesh e- Nagar Palika.
Step 2 – Click on ‘Quick Services’ on the homepage. Select ‘Property Tax Payment’ under the ‘Payment’ option.
Step 3 – Individuals can see ‘Quick Pay’ and ‘Other Services’ under ‘Property Tax Services’. To pay through ‘Quick Pay’, enter property ID and submit and complete payment quickly.
On the other hand, individuals can pay by logging in. For this, they have to click on the first link under ‘Property Tax Services’.
How To Pay the Property Tax in Bhopal Offline?
Here is a step-by-step guide on paying house tax in Bhopal in offline mode.
Step 1 – Locate the nearest BMC office in your area.
Step 2 – Visit the ward office and find out the authorized counter for paying house tax.
Step 3 – Show essential documents and submit the required amount.
Step 4 – After completing the payment of property tax in Bhopal, collect the acknowledgement slip.
What Is the Last Day of Paying Property Tax in Bhopal?
Property owners of Bhopal must pay this tax amount twice a year. It means individuals have to pay the first half and second-half payments by the end of June and December every year, respectively.
If property owners fail to pay within time, they have to pay 2% interest each month as a penalty charge. In addition, those whose house tax amount reaches beyond ₹ 20,000 and still not paid by December each year have to pay 3% interest on the due amount every month. The penalty will continue to get doubled for each passing month.
Hence, it is clear that missing the payment date of property tax in Bhopal can unnecessarily burden individuals with hefty penalties. So, thoroughly read the payment process, pay the same without any hassle and do not forget the semi-annually payment months.