The Mangalore City Corporation (MCC) has implemented increased property tax rates for both residential properties and vacant land plots within Mangalore. Numerous complaints regarding these elevated tax rates, especially concerning undeveloped land, have been directed towards the authorities. Homeowners in Mangalore are encouraged to consult this article for the latest information on property taxes, deadlines, and available rebates.
Property Tax Revenue and its Purpose
Property taxes constitute a significant revenue stream for the MCC. The revenue generated plays a crucial role in bolstering and facilitating infrastructure development and the seamless operation of essential public services.
The tax calculation for properties in Mangalore is based on a unit area valuation system. The MCC recently corresponded with the Karnataka government, formally requesting a reduction in the tax increases applied to vacant plots under the umbrella of the Self-assessment Scheme (SAS). Opposition arose against the governmental mandate to impose a tax ranging from 0.2% to 0.5% on vacant land, primarily due to the impact of Mangalore's property tax structure on low-income families who collectively possess a majority stake (over 50%) in undeveloped land situated outside the city limits.
Review of Prior Property Tax Revisions
Below is a synopsis of previous revisions enacted by state authorities on property tax rates for residential and commercial properties:
Mangalore’s MCC Property Tax Rate in 2024
The MCC establishes distinct property tax rates for each property type, which are categorized into three primary segments: non-residential or non-commercial, commercial, and residential. The corporation's publicly disclosed information reveals that property tax rates fluctuate within the range of 0.20% to 1.50%.
Property Type & Corresponding Tax Rate
- 10A (Residential Use): 0.50%
- 10B (Commercial Use): 1.50%
- 10C (Non-Residential/Commercial Use): 1%
Online Property Tax Payment Procedure in Mangalore
To pay property tax online in Mangalore, follow these detailed steps:
- Navigate to the MCC’s official website.
- Locate and select the "Pay Property Tax" link on the homepage.
- Enter your registered mobile number and submit the received One-Time Password (OTP).
- Specify your door and ward numbers to pinpoint the property and select "Pay Tax" to progress.
- Utilize the "Calculate Tax" button to determine the applicable tax amount for the current fiscal year.
- Confirm whether the property has undergone modifications by selecting "Yes" or "No."
- Peruse the detailed SAS summary to understand property particulars and tax estimations.
- Choose your preferred payment method and ensure you download the transaction challan (receipt) for your records after completing the payment.
Mangalore Property Tax Deadline
The due date for submitting Mangalore property tax online is during the concluding week of April 2024.
Mangalore Property Tax Rebate
Under the current stipulations, a 5% rebate is offered to property owners who complete their online property tax payments in advance or before the official deadline. The value of this rebate is proportional to the total property value.
Mangalore Property Tax Calculator
The official website features an online calculator which automates the calculation of total property tax. The following detailed steps elaborate on the process:
- Visit the MCC’s official website.
- From the home screen, select the ‘Pay Property Tax’ link.
- Enter your registered mobile number and submit it.
- Verify your property details and click the “Calculate Tax” button.
- Furnish details such as mobile number, email address, property ID, village, street details, Katha number, survey numbers, locality/company name, and pin code.
- Indicate whether the property is rented or self-occupied.
- Select the property type and category.
- Enter the plinth factor, total built-up area factor, occupied land area (in square feet), and site area.
- Specify property type, door number, slum status, and exemption status.
- Input floor details, construction type, market value, and construction year to conclude the calculation.
Advance Property Tax Payments in Mangalore
Advance tax payments can be made before the annual deadline, with the primary advantage being a 5% rebate on the total property value. Those who pay in advance after a rate revision will have their tax amount adjusted during the following fiscal year.
Name Amendment Procedure for Mangalore Property Tax
Initiating the name amendment process involves submitting essential documents which include a No-Objection Certificate (NOC) from the relevant housing society, a copy of the latest property tax receipt, and an attested copy of the sale deed. Post-submission review by the officials, approval is typically granted within 15-30 days.
Obtaining Property Tax Payment Receipts
Mangalore residents can conveniently download their property tax receipts from the official MCC website by following the comprehensive steps provided before.
Latest News and Updates on Mangalore House Tax
- Current directives from the Karnataka government will result in an upward revision of the guidance value of immovable property by 30%, subject to annual adjustments in Mangalore.
- With the addition of 30,000 properties to the tax system, the Mangalore City Corporation will encompass a total of 2.13 lakh taxable properties.
- Revised property rates in Mangalore dictate that MCC levies taxes on vacant land in March 2023, amounting to 0.3% to 0.5% of the total assessed value.
Conclusion
Ensuring prompt payment of property tax in Mangalore is critical for maintaining a transparent record in official documentation. Taxes can be conveniently paid online or at designated physical municipal centers. By availing online payment options and paying taxes in advance, property owners can further reduce their tax burden through eligible rebates and discounts.