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Kolkata Property Tax

A state government’s primary source of revenue is taxes. The availability of resources is determined by the taxes received from residents. Every property is under the taxation umbrella, which means that a property tax is an annual amount paid by the property/landowner to the state government to financially support these agencies in carrying out their welfare initiatives. The technique for paying property taxes differs depending on government rules. It might be paid to the Municipal Corporation or the local state government.

 

Property Classifications

There are four sorts of properties, each with its own tax assessment based on a set of criteria.

• The term “land” refers to an undeveloped plot of land.
• Land improvisation refers to man-made immovable objects such as structures and godowns.
• Personal property refers to moveable man-made objects such as cranes, automobiles, and buses.
• It is an intangible asset.

 

Property Taxes and Their Applications

Every year, Kolkata residents must pay property taxes to the Kolkata Municipal Corporation (KMC). The municipality receives property tax monies and invests them in a variety of civic improvements. By limiting property tax increases and decreases, the KMC has enabled self-assessment of an individual’s property.

 

Data that is required

A list of information to be aware of and project when paying property taxes is provided below.

• Area (where the property is located)
• Property Owner Particulars Ward Number Colony Name Type of Property Type of Owner
• Identification Information Correspondence Address Property Information

 

Eligibility

 

Property tax is payable in Kolkata by all residents above the age of eighteen.

 

Property Taxes Calculation

 

Using the new Unit Area Assessment (UAA) method, property owners in Kolkata can now compute their own property taxes. Residents can avoid the subjectivity and uncertainty associated with the Annual Rateable Value method by calculating taxes using this system.

Assessment of Unit Area (UAA)

 

Kolkata is divided into 293 blocks per the UAA system. There are seven different types of separated blocks (A, B, C, D, E, F and G). This classification is based on the market worth of each block, as well as the infrastructure and amenities provided. The Base Unit Area Value (BUAV) is the annual value per square foot assigned to each block (BUAV). The highest BUAV is in category “A,” while the lowest is in category “G.” This strategy allows for the equal taxation of all properties in the same category or block. A taxpayer, on the other hand, is only required to pay for the area in which he or she resides, not for regions next to his or her home, such as gardens.

 

BUAV x Covered space/Land area x BUAV x Location MF value x Usage MF value x Age MF value x Structure MF value x Structure MF value x Occupancy Taxation.

 

Rebate on Property Tax for Senior Citizens

 

The West Bengal government has passed a measure that allows senior individuals over the age of 65 to receive a 10% refund on their local property tax. Widows and those with physical disabilities are in the same boat.

 

Method of Payment

 

Kolkata property taxes can be paid in two ways: online or offline. Let’s look at each one’s procedure:

Online Property Tax payment

 

Step 1: Go to the website and fill out the registration form.

The candidate must go to the official website to submit his or her application.

 

Step 2: Type the Assessee Number in the box provided.

In the appropriate box, the taxpayer must provide his or her Assessee number.

 

Step 3: Enter a search term in the box provided.

The taxpayer must click on the search option after entering the assessee number.

 

Payment (Step 4)

Credit/debit cards must be used to pay the requisite fee.

 

Offline Method Property Tax payment

 

First and foremost, pay a visit to the Center.

The applicant must go to the Municipal Corporation with his or her application.

 

Obtain the application in step two.

He or she must pay the required price in order to acquire an application form.

 

Third Step : Fill in the blanks with the information you’ve been given.

In the application form, the applicant must complete all relevant fields.

 

Fourth Step: Fill out the application form and send it in.

The applicant must submit the application to the appropriate authority once all of the details have been entered.

 

Collecting the Challan is the fifth step.

The applicant receives a challan from the officials after submitting the amount at the fee counter. This challan serves as confirmation of property tax payment.

 

How can you check the status of your tax payment online?

To check the status of your Kolkata Municipal Corporation property tax online payment, go to the official website. You can check your KMC property tax payment status by entering the property details on the official website.

How do you make a tax receipt?

Tax receipts or challans are required to be collected regardless of how you pay your Kolkata corporation property tax. You can download the challan from the official website and reprint it if you neglect to do it the first time. After paying the fees in offline mode, you can pick up a receipt from the appropriate centre.