Property tax is the annual fee your municipal corporation charges on owned land or buildings.
About this calculator
Property tax is the annual fee your municipal corporation charges on owned land or buildings. In India, BMC (Mumbai), BBMP (Bangalore), and MCD (Delhi) each use different assessment methods — capital value system, unit area value, or annual rental value — but the outcome is the same: a percentage applied to a taxable base.
Enter the assessed value from your property tax bill (or a recent guideline value), the rate your ward charges, and any exemption you qualify for (self-occupied rebate, senior citizen discount, etc.). You get annual tax and a monthly equivalent for budgeting.
Property tax is deductible from house property income under the old tax regime in some cases. Cross-check with the [[income-tax]] calculator. If you are buying, use [[emi]] for loan planning and [[gst]] only for under-construction GST — not annual municipal tax.
Common uses
- Bangalore flat owner estimating BBMP property tax before bill arrives
- Mumbai homeowner checking BMC tax on ₹80 lakh assessed capital value
- Landlord budgeting annual tax on a rented 2BHK in Pune
- NRI planning municipal dues on inherited property in Chennai
- Comparing tax outflow across two cities before relocation
Frequently asked questions
How is property tax calculated on a ₹50 lakh flat in Bangalore?
BBMP uses zone-based rates on unit area value. If your taxable assessed value is ₹50 lakh and the effective rate is 0.5%, annual tax is ₹25,000. Enter your exact assessed value from the BBMP portal for precision.
Can I claim property tax as a deduction in income tax?
Under the old regime, municipal taxes paid on rented property are deductible from house property income. Self-occupied property does not generate rental income, so there is no deduction against salary. Check the [[income-tax]] calculator for your regime.
What is the difference between assessed value and market price?
Assessed value is the figure the municipality uses for tax — often below market price. A ₹1 crore market flat might have ₹60–70 lakh assessed value depending on guideline rates and depreciation factors.
Do I pay property tax on vacant land?
Yes in most Indian municipalities. Vacant land and plots attract property tax, often at different rates than built-up residential property. Enter the land