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Calculate TMC Property Tax in Thane & Online Payment
Property owners of Thane are liable to property tax to the Thane Municipal Corporation (TMC). This civic body is responsible for levying and collecting house tax from the individuals owning property here. Read on to learn about the meaning, calculation and payment process of property tax at TMC.
What Is the Property Tax in Thane?
Property tax is a direct tax that the Thane Municipal Corporation imposes on individuals owning property (residential or commercial).
House tax is a crucial source of revenue that the civic body uses to invest in the development and maintenance of local amenities.
As the concept of property tax is clear to individuals of Thane, let’s proceed to learn about the calculation and payment process.
How to Calculate Property Tax in Thane?
Individuals can compute by using a tax calculator or by using a formula. Both these processes are discussed separately.
Online Process to Calculate Property Tax Amount
Follow the steps to calculate house tax at TMC website online -
Step 1 – Visit the official website of Thane Municipal Corporation.
Step 2 – Click on ‘Tax Calculator’ present on the right-most side of the webpage.
Step 3 – Enter your mobile number and click on ‘Submit’. OTP will be sent to the mobile number. Enter OTP and ‘Submit OTP’.
Step 4 – A new webpage will open. Select ‘Ward office’.
Step 5 – Now, enter essential details in the relevant boxes and click on ‘Calculate’. The amount will appear on screen.
Manual Process to Calculate Property Tax Amount
Here is the formula to Calculate Thane Municipal Corporation Property Tax,
Property tax = Tax rate x Total carpet area/Area of land if the land is vacant x Type of building x Age factor x Usage factor x Floor factor
The house tax calculation in Thane depends on certain factors. These are total carpet area, age of the property, usage of the property (self-occupied or rented), and number of floors (multi-storey or single storey).
Read more about Why Property Insurance is important?
What Are the Factors Upon Which House Tax Calculation in Thane Depends?
The house tax calculation in Thane depends on certain factors: These are as follows:
- Total carpet area
- Age of the property
- Usage of the property (self-occupied or rented)
- Number of floors (multi-storey or single storey)
How to Pay Property Tax in Thane?
Property owners willing to pay house tax in Thane can opt for either online or offline routes as per their preference. Here is a step-by-step guide on completing the payment of Thane Municipal Corporation property tax.
Online Method:
Step 1 – Visit the official website of Thane Municipal Corporation.
Step 2 – Search your property by choosing either ‘Property No’ or ‘Owner Name’.
Step 3 – Login or register to earn property tax dues.
Step 4 – Select a suitable payment mode and pay house tax.
Step 5 – After the online payment of property tax at TMC website, a receipt will be generated.
Step 6 – Download the receipt for future use.
Offline Method:
Step 1 – Visit the office of Thane Municipal Corporation.
Step 2 – Submit property-related details and tax amount at the respective counter.
Step 3 – Complete Thane Mahanagar Palika property tax via cash or demand draft or cheque.
After knowing the payment procedure, the next question that immediately comes into mind is the last date of paying house tax. Read the following section to learn about the deadline for property tax in Thane.
What Is the Last Day to Pay Property Tax in Thane?
Property owners of Thane have to pay house tax twice a year. The deadlines for 1st half and 2nd half payments are 1st April and 1st October, respectively.
In case property owners fail to pay house tax within the deadline, they have to bear 2% of the outstanding amount or part thereof as a penalty. If individuals cannot make the due payment within 90 days, the penalty interest will increase.
Calculate the property tax at TMC website using an online calculator or formula and take a preferred tax payment route (online or offline) to complete transactions quickly and easily.