BMC is one of the richest Municipal Corporations in Asia. The BMC Annual budget of 52 thousand crores is one of the highest budgets in its history. Mumbai is the commercial capital of India so the Importance of Paying Timely Property tax is very important as the revenue collected from the Property tax helps to fund infrastructure facilities in the city. There are a total of 9 Municipalities in the city for every corporation in a different region in Mumbai and its outskirt is responsible. To know more about the process of Brihanmumbai Municipal Corporation Property Tax Online Payment @portal.mcgm.gov.in, keep reading this article further.
Brihanmumbai Municipal Corporation Property Tax Payment
The property in Mumbai is collected annually and it is calculated using the capital value system which is based on the property market value. Let’s see how property tax is calculated for Brihammumbai Municipal Corporation;
Property Tax = Capital Value X Tax RateÂ
Capital Value = Market Value of the Property X Total Carpet Area X Weight for the Construction Type X Weight for the age of the Building.
How to Pay BMC Property/ House/ Holding Tax Online?
- Navigate to the official website of Brihanmumbai Municipal Corporation (BMC) by clicking on the link here => https://ptaxportal.mcgm.gov.in/CitizenPortal/#/login
- On the main homepage, log in to the website using the property account number and enter the captcha.
- Now login to the website by using the property Account Number and enter the captcha.
- The Property Details will be displayed on the Screen.
- You need to verify the details and enter the amount to be paid as tax.
- Payment can be made by using Credit, Debit card, or Net Banking.
- Once the payment is completed receipt will be generated which can be used for future reference.
How to Calculate Tax for Brihanmumbai Municipal Corporation?
- Go to the same official web portal at ptaxportal.mcgm.gov.in/login
- Then click on the “Tax Calculator” option on the web homepage.
- Once You Reach the Next page enter details like ward, zone, sub-zone, occupancy type, date of effect, category, carpet area, and tax code.
- Click on Calculate the Tax. The MGM property tax payment details will be displayed on the screen.
BMC Property Tax Details via Email
The MCGM will also mail you your Property tax bill via email if you fill out your KYC form on the MCGM Portal. Once you open the portal you will see a notification for KYC you need to click on the same. Once that is done all alerts, notifications, and bills will be sent to your registered email id. To Complete your KYC formalities you need to upload the required documents on the website and enter your email ID and mobile number. Once the KYC is completed you will receive a confirmation link on your email id.
MCGM Property/ Holding Tax Offline Mode of Payment
If you wish to make the payment through offline mode you need to visit the respective Municipal Corporation office and make the payment either by Cash/ Cheque or Demand Draft. Contact details are provided below.
- Municipal Corporation of Greater Mumbai
- Mumbai CST – 400001
- Email id: portal [email protected]
Conclusion:
As of March 29, 2024, the Brihan Mumbai Municipal Corporation has collected Property tax worth Rs 2214 crore for the Current Fiscal Year April 2023-24. According to a BMC official, the Mahangarpalika has decided to continue the civic facility centers open in all 24 wards including weekends and public holidays. It has also made a few announcements like the state government will not levy any property tax on residential property tax measuring less than 500 square feet. Delays in property tax payments will attract penalties of 2% of property tax. The penalty is charged every month until the tax is paid. The MCGM also allows name change on the MCGM portal. You will have to submit the last receipt of the MCGM property tax. You might also need an attested copy of the NOC from society and the transaction deed.
