Calculate VMC Property Tax in Vadodara & Online Payment
Vadodara Municipal Corporation (VMC) is the governing body that is in charge of the administration of Vadodara city and is responsible for the development and maintenance of civic infrastructure. This civic body derives its revenue for such development and maintenance of civic amenities from various taxes. One such tax is property tax. Property owners of Vadodara must pay this tax to VMC.
If you are willing to invest in properties in Vadodara, you must know the meaning, calculation method and payment process. Read on to learn about VMC property tax.
What Is the VMC Property Tax?
Property tax is a direct tax that the Vadodara Municipal Corporation levies on property owners (residential and commercial) and collects from them to provide civic services. These include road maintenance, repairs, drainage services, street light, and cleaning.
How to Calculate Vadodara Municipal Corporation House Tax?
Property owners of Vadodara must follow the formula mentioned below to calculate the amount for VMC house tax.
VMC Property Tax = R x M x A
Here,
R = refers to the applicable annual rate. For residential properties and non-residential properties, annual rates are ₹16 per sq. metre per annum and ₹30 per sq. metre per annum, respectively.
M = refers to the product of different variables required for calculating property tax. Here,
- M = Location factor x age factor x usage factor x occupancy year
- Here, location factors depend on the location aspect that helps calculate the tax process.
- Age factor depends on the duration of the year-wise construction of a property.
- Usage factor depends on whether a property is used for residential or commercial purposes.
- Occupancy factors depend on whether a property is self-occupied or rented out.
A = denotes the total taxable area of Vadodara property.
As per the Vadodara Tax measurement rules, property area equals the total area of that property, barring internal and external walls.
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How to Pay Vadodara Municipal Corporation Property Tax?
Property owners willing to pay Vadodara Municipal Corporation house tax can do so via online and offline mediums. Read along!
Online Method:
Step 1 – Visit the official website of Vadodara Municipal Corporation.
Step 2 – Click on ‘Pay online Property Tax’.
Step 3 – Enter 16 digit allotted census no. in the relevant box and click on ‘Search’.
Step 4 – On the following webpage, provide essential details such as the property owner’s name, address. Here, taxpayers can fetch information on property tax dues and clear it via the electronic payment method available on the website.
Step 5 – Census payment option will appear on the screen once taxpayers click on the pay button.
Step 6 – At this stage, the census number, payable amount and payable remarks will appear on screen in INR.
Step 7 – Click on ‘Confirm’. The payment portal will open. Choose a suitable payment mode and complete transactions.
Step 8 – After a successful payment, individuals will be redirected to the official website of Vadodara Municipal Corporation. Verify the transaction by navigating to the payment details section under the ‘owner's details’ tab.
Offline Method:
Step 1 – Visit the Vadodara Municipal Corporation office.
Step 2 – Submit documents and payable amount.
Step 3 – Obtain acknowledgement slip.
Read the VMC property tax payment process carefully and complete transaction easily.
FAQs About VMC Property Tax: Calculation & Payment Process
Is there any penalty on property tax payment default in Vadodara?
Yes, property owners of Vadodara have to pay a penalty of 18% interest along with a notice fee of 0.50% and 25% Education cess. Individuals have to pay this along with the outstanding house tax amount.
Does the Vadodara Municipal Corporation provide an exemption on property tax payment?
Yes, the Vadodara Municipal Corporation provides exemption on property tax payments. This is applicable if there is a fire or earthquake, or calamity that leads to loss of property or non-usage due to such incidents.
Where can I check the history of property tax payments in Vadodara?
After successfully completing payment, you can see the history of house tax payment in the Vadodara payment information section of the owner.