A Guide to Calculating and Paying Property Tax Online

 Are you owning a flat in Kerala? If yes, you certainly will have to pay your property tax. Wondering how to simplify the process of paying property tax online? We at luxurykeralaflats.com bring to you just the guide for Calculating and Paying Property Tax Online!

Know the basics!

Like every state in India, Kerala too has its system of property tax calculation. The tax will be collected by the municipal corporation in charge of that area in which the property lies. You should find out under which corporation you belong to. 

Factors to determine the property tax value in Kerala

In Kerala the various factors on which your property tax value depends are: 

• The type of land

• Type of building

• Total area covered by the property

• Location

• Rentable value of the property

• Whether it qualifies as a luxury apartment or not, etc. 

Property tax is also applicable in case you own land and the charges will vary. Depending on the type of property and its usage, rebates can be applied for in property taxes. For example, in cases of places of worship or property belonging to charitable organisations property tax need not be paid. Even if a land property does not have any construction, you will still have to pay property tax.

Let’s check out how the online payment can be done:

Paying property taxes online in Kerala 

All municipal corporations of Kerala now accept online payment of property taxes, through their official website. Visit the official page http://lsgkerala.gov.in/en/propertytax. There are various options for your choice. Tax assessments & payments can be done here. This tax value assessment is done based on various factors. 

As you select a relevant option then you will be redirected to a page. Fill up the relevant details like your assessment number, if you have already completed it, and other details related to your property. So, keep the documents ready before you start to make the payment. Your bill will be shown to you and then you can select the mode of payment. 

You can opt for internet banking or payment through debit and credit card for paying property tax of flats in Kerala. You will get an e-receipt. after completing payment. Keep this e-receipt with you for future use, because it might come in handy. 

Defaulters

Defaulters will be fined heavily. If you have missed out on making a payment for a particular tax cycle for your flat for sale in Kochi, then you will have to pay it during the next cycle with a heavy fine of nearly 24%. However, the amount might vary depending on the building type.  So, it is best that you keep a check on the dates and get it done by the 31st of March. 

Now that you know a review of paying property tax online payment you can do it confidently. For checking flats for sale in Kochi visit luxurykeralaflats.com. It is the no. 1 portal for buying or selling flats in Kerala.