PropyMart · 2026
Property tax is an annual levy by municipal bodies (municipal corporations, panchayats) on the owner of any land or building. Rates vary by city, usage type, and construction age.
ARV × tax rate
Most cities use Annual Rental Value (ARV) × tax rate. Some use capital value (CV) × rate. Delhi uses unit area system. Your municipality's website has a free self-assessment calculator.
The registered owner must pay, even if the property is rented out. Tenants are not liable for property tax — though some lease agreements try to pass this cost on. This clause is unenforceable against the municipal body.
Exemptions apply to: properties used exclusively for worship, properties owned by senior citizens (partial exemption in many cities), charitable institutions, and agricultural land under municipal limits in some states.
12–24% penalty interest
Late payment attracts 12–24% annual penalty interest in most cities. Unpaid property tax can lead to property attachment and public auction — a risk no owner should take.
PropyMart links directly to municipal payment portals for 25+ cities. Pay property tax in under 2 minutes and download your receipt for your records.
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