Property Tax Estimator
Estimate your annual property tax liability based on Indian calculation methods.
Estimated Property Tax: -
How It Works
Our Property Tax Estimator helps you calculate your annual property tax based on the methods used in India. You can choose from three different calculation systems used by various municipal corporations:
- Capital Value System (CVS): This method calculates property tax as a percentage of the property's market value. It is used in cities like Mumbai.
- Unit Area Value System (UAS): This system calculates tax based on the built-up area of the property, with a per-unit price fixed based on location, usage, and other factors. Cities like Delhi and Bengaluru use this method.
- Annual Rental Value System (ARVS): This method calculates tax based on the estimated annual rental value of the property. It is used in cities like Chennai.
Select the appropriate method and enter the required details to get an estimate of your property tax. Please note that this is an estimate, and your actual property tax may vary. For the most accurate information, you should always consult your local tax authority.
Frequently Asked Questions
What is property tax?
Property tax is a tax paid on real estate by the owner of the property. The tax is usually based on the value of the property, including the land and any buildings on it.
How is property tax calculated in India?
In India, property tax is calculated using different methods depending on the municipal corporation. The most common methods are the Capital Value System (CVS), which is based on the property's market value; the Unit Area Value System (UAS), which is based on the built-up area; and the Annual Rental Value System (ARVS), which is based on the estimated annual rent.
Why do I have to pay property tax?
Property taxes are a primary source of revenue for local governments. They are used to fund public services such as schools, police and fire departments, and infrastructure projects.
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SEO Summary
This property tax estimator is a free tool to help you estimate your annual property tax liability in India. It supports various calculation methods like the Capital Value System (CVS), Unit Area Value System (UAS), and Annual Rental Value System (ARVS). This tool is part of a larger ecosystem of free online tools provided by Propsell, a digital initiative by Propsell Estate Services LLP.