Property Tax Calculator
Calculate annual property tax from assessed value and tax rate.
📐 Annual Tax = Assessed Value × Tax Rate%
Property tax is an annual tax levied by municipal corporations on all real estate — residential, commercial, and vacant land. It is calculated differently across India's cities, using methods ranging from unit area value to capital value. This calculator covers the major municipal corporations including BBMP (Bengaluru), MCGM (Mumbai), MCD (Delhi), CMDA (Chennai), and KMC (Kolkata), helping property owners estimate their annual tax liability.
📋 How to Use This Calculator
Select your city/municipal body, enter the property details — carpet area or built-up area, property type (residential/commercial), age of construction, and occupancy (self-occupied or rented). The calculator applies the relevant formula and rates for your municipality and shows the annual property tax liability with a breakdown of the components. It also shows the self-assessment discount if you file before the due date.
💡 Key Facts & Information
Property tax calculation methods: Unit Area Value system (Delhi MCD, BBMP Bengaluru) — Annual Value = Unit Area Rate × Built-up Area × Age factor × Usage factor. Capital Value system (Mumbai MCGM) — Annual Value = Market Value × 0.5%, then tax rates on annual value. Rental Value system (Chennai, older method) — based on reasonable expected rent. Mumbai property tax includes: general tax (19.461% of capital value), education cess, water and sewerage tax, urban local body tax. BBMP tax for residential self-occupied: ₹2.40–₹7.20 per sq.ft. depending on zone. Property tax is deductible from rental income under Section 24 for income tax purposes.