The Ahmedabad municipal corporation has its own ways of collecting property taxes from residents of the city. Here is a brief guide to help you out with the process of online payment of Ahmedabad municipal corporation property tax.
The Ahmedabad municipal corporation is the authority responsible for the collection of property taxes from residents of the city. In the latest developments, the corporation has confirmed that a rebate of 10% will be provided for owners of property who desire to pay their advance property taxes for FY2020-21. The mayor and chairman of the standing committee. The body will be offering this rebate to property owners till the 30th of June, 2020. This is a reward for those who have already paid property taxes for FY2019-20 and are desirous of paying the next year’s taxes in advance.
10% is the maximum rebate percentage and the scheme has also been declared for FY2019-20 where more than 4 lakh people have opted for the same. A similar response is anticipated for the current fiscal by the Ahmedabad municipal corporation as well. The rebate will be a major benefit for businessmen based in the city since they also have to make payments of commercial property taxes which are somewhat higher.
Paying property taxes to the Ahmedabad Municipal Corporation- An Introduction
Those who own residential property in Ahmedabad will have the liability for payment of property taxes to the AMC (Amdavad Municipal Corporation) on an annual basis. The AMC operates through a convenient and highly advanced system for paying property taxes and this has led to an increase in collections from FY2017-18 onwards. With the rebate being declared from the year 2017 itself, that year witnessed receipt of Rs. 282 crore by the corporation which was higher by Rs. 23.72 lakhs as compared to collections in the year 2016.
The AMC is also one of the most technologically advanced municipal organizations that enable payment of property taxes via a dedicated mobile app. The number of payments went up exponentially by 25 times through the Ahmedabad AMC mobile app in comparison to the year 2016. The figure was confirmed in May 2017 by the AMC. Collections thus went up by a whopping 132% as well. Cash-based transactions also came down by a decent 8%.
Calculating Ahmedabad municipal corporation property taxes
The Ahmedabad municipal corporation calculates property taxes based on a simple system that you can use as well. The taxes on the property are based on the capital value of the same. The calculation system has been implemented from the year 2001 onwards and accounts for various factors including the property type, location, age, and overall usage.
Here is the formula that you need to keep in mind:
Tax- Area x Rate x (fl xf2 x f3 x f4 x fn)
F1 is the weightage for the property location, F2 for the property type, F3 for the property age, and F4 for the weight assigned for residential buildings. Fn is the weightage for the property usage. All the values for these parameters can be easily found on the official website of the Ahmedabad municipal corporation.
How to pay your property tax to the Ahmedabad municipal corporation?
Payment of taxes to the Ahmedabad municipal corporation is a very simple procedure. You can pay taxes online on the official website or via the Android Ahmedabad AMC mobile app. The official website is http://ahmedabadcity.gov.in/portal/web?requestType=ApplicationRH&actionVal=loadQuickPayPropertyTax&queryType=Select&screenId=1400001.
You can download the mobile app here at the Android Play Store- https://play.google.com/store/apps/details?id=com.tcs.amc&hl=en
You only have to key in the Tenement number and then you will see the amount that is payable as property taxes to the Ahmedabad municipal corporation. You can use your credit/debit card for payments or net banking. You can also manually pay taxes at any of the collection centers in Ahmedabad city. Half-yearly payments of property taxes are mostly collected by the corporation with last dates hovering between 31st of March and 15th of October each year. This may however change as per the guidelines of the AMC. Delaying payment of property taxes will lead to 2% penalties each month. The penalty charge will be added to the bill for the following month’s property taxes.
