Property tax in Coimbatore is based on various factors related to property like area in which the property is located, age of the property and the type. The taxes can be paid online and offline under property tax Coimbatore.
Property tax online payment is definitely possible in Coimbatore. The owners of both residential and commercial property are to pay property tax in Coimbatore. For the property tax Coimbatore, the tax has to be paid annually every year. If you are the owner, you will be levied the property tax. The property tax Coimbatore is collected by Coimbatore Municipal Corporation. The amount of tax depends on the type of property, location in which the property is situated, the occupant of the property, type of construction, use of the property and the prevailing price of a property in that area.
There is an online calculator where you can calculate the property tax and you will pay the tax based on the tax online. You can know about the property tax even if you enter the assessment details in the portal.
Calculation of property tax Coimbatore
If you pay property tax in Coimbatore the plinth area must be measured. The total built-up area comprises the area that is covered that includes balcony and garage and together it makes the plinth area. If the property is occupied by the owner it is necessary that property’s current rent per square feet similar to the properties in the same area before you calculate the tax. For rented property the system of calculation is different. Here the rent per square foot is taken into consideration and the prevailing rent system of the area is considered. Also, the rent mentioned in the rent agreement can be taken into consideration. There is a way of visiting the official website of the municipal corporation and filling in the details. It is to be different for commercial and residential property.
These details are important. Total building area, approved building area, unapproved building area, building usage and the location of the building. The building type that is if the building is residential or commercial has to be determined. Age of the building is also taken into consideration. There is a provision of credit score.
Important points to consider while calculating property tax in Coimbatore
The rate per square feet of the property will depend on the zone or area in which the property is situated and it can be determined with the help of details as published by the municipal corporation. Depreciation details can be determined with the help of inputs provided by the corporation. The house tax may be paid in Coimbatore by visiting the office of the municipal corporation or it can be paid online too. There are steps to pay taxes online.
Paying property taxes online
The owner of residential or commercial property will have to visit the portal and pay their property tax online through the official website. There is a provision of self-assessment form generated online. You have to enter the details asked for and select on pay option. You will be redirected to the payment gateway where you may choose your preferred way of payment. You may pay through NEFT or cards. The receipt will be created and printed which can be used for future reference. The receipt print will be submitted at the corporation office.
The tax can be paid online through the official portal of the corporation. For this you have to enter details like name of the owner, the number of the house, the locality in which the house is situated beside other details.
The municipal corporation has an online self-assessment system where you can fill in the details for your self-assessment. Once you fill in all the relevant details correctly, the system will generate a tax bill which will be paid on or before the due date.
Paying your property tax can be conveniently done by visiting the official website of the Coimbatore municipal corporation. You’ve got to select property tax payments online and in it, you should enter correct details. Once you furnish all the details, it will direct you to the payment gateway where you will choose the mode of payment. There are some banks which are registered with the corporation like Indian overseas bank, Karur Vysya Bank, IDBI, City Union Bank, Canara Bank, HDFC bank, Lakshmi Vilas bank, Kotak Mahindra Bank.
The receipt of the property tax will bear the details of payment. They include the Application No., tax payable, location of payment, assessment year, cess applicable and also total tax payable.
If the payment mode selected is cash or card or demand draft, the payment receipt will be issued. If the payment is made online, the receipt will be in a soft copy format.
Q How do I calculate the property tax?
You have a property tax calculator on the web page where you need to enter the details asked for and the calculator calculates the tax amount.
Q. For calculating property tax what are the information required?
Total building area, approved building area, unapproved building area, building usage and the location of the building. The building type that is if the building is residential or commercial has to be determined. Age of the building is also taken into consideration.
Q. How can I pay my property tax?
You can conveniently pay the property tax through the online portal of the Municipal Corporation.
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