Regardless of its location, every property in India attracts an annual tax levied by the State Government. In Haryana, the Municipal Corporation of the respective city manages the property tax collection.
However, the quantum and rate of levied tax varies across properties depending on their size and use.
Keep reading to learn more about the property tax in Haryana and the related factors.
The property tax in Haryana depends on factors, such as the property value and other real estate terms.
Hence, every resident in Haryana is liable to pay the respective tax amount to the Department of Directorate of Urban Local Bodies regulated Municipal Corporation of Haryana.
According to a news report, a Haryana Minister has announced a 10% rebate on property tax for those who pay their tax on or before 31st July, 2023.
The Government offers a 30% rebate on tax to property owners who have paid their property taxes within 45 days of the notification. The State Government also provided a 50% rebate to construct buildings for autonomous bodies, boards, corporations, etc.
Let’s learn how to calculate property tax in Haryana to understand the concept precisely.
The calculation of property tax depends on factors, such as property type, and state or municipal corporation, among others.
The calculation may vary according to the different civic operations. They assess the points such as –
The standard formula followed during the calculation of property tax is-
Property tax = base value × age factor × built-up area × category of use × type of building × floor factor.
Individuals should know that the tax payable in a state depends on the property location, and taxes may vary according to the area size.
Civic corporations may employ different techniques to assess this tax. However, the general overview of these calculations remains the same.
Note that performing a manual calculation can be time-consuming and filled with errors. In this scenario, one can use the property tax calculator available on theDirectorate of Urban Local Bodies Haryana website.
Here, one has to enter class, property category, subcategory and property area.
Let’s take an example to understand online property tax in Haryana calculation.
An individual owns a residential property in Haryana, which has a property area of around 2000 square yards. This property has two floors that cover around 500 sq. ft. each.
If it is self-occupied, calculated property tax can be around ₹22400 approx.
This is a mere representation of calculation; actual measurements may vary significantly.
Let’s look at the different tax slabs on the properties in Haryana based on their purpose. This will help determine the calculation against the Directorate of Urban Local Bodies Haryana property tax payment.
The tables below explain the different tax slabs against residential properties.
|
Property Area |
Property Tax (per square yard) |
|
301 to 500 square yard |
₹4 |
|
Up to 300 square yard |
₹1 |
|
1001 sq yard to 2 acres |
₹7 |
|
501 to 1000 square yard |
₹6 |
|
More than 2 acres |
₹10 |
There are different tax rates for commercial property based on its usage. Let’s check them to streamline the online payment of property tax in Haryana.
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The steps to make property tax in Haryana online payment are as follows.
Step 1: Visit the official Directorate of Urban Local Bodies of Haryana Government website and click on property tax.
Step 2: On the next page, fill in relevant details like Municipal corporation type, property owner’s name, property ID, etc. Click on search to proceed.
Step 3: The applicable property tax will be generated. Click on an option to pay property tax.
Step 4: Next, select payment mode and complete this transaction.
Step 5: A taxpayer will receive an acknowledgement number.
Individuals who are uncomfortable with online steps can check offline methods.
Step 1: You need to visit your nearest Municipal corporation office.
Step 2: Submit details of property tax to the authority.
Step 3: Make estimated property tax payment at the cash counter.
After completing the above process, a taxpayer will receive an acknowledgement slip or challan as payment proof.
Tax rates on commercial property used as a shop on the ground floor -
|
Area |
Property Tax (per square yard) |
|
51 to 100 square yard |
₹36 |
|
Up to 50 square yard |
₹24 |
|
101 to 500 square yards |
₹48 |
The property tax for vacant lands are as follows.
|
Area |
Property Tax (per square yard) |
|
101 square yards and above |
₹5 |
|
Up to 500 square yard |
Exempted |
|
501 square yard and above |
₹2 |
Currently, there are no notifications regarding the last date to pay property tax online and offline.
However, each resident who owns a land in Haryana must pay their property tax on an yearly basis.
Individuals should keep a tab over the official Directorate of Urban Local Bodies of Haryana Government website to find the latest details on property tax payments.
Individuals should know that a challan is generated after making successful property tax payment.
The screen usually displays this acknowledgement number. However, it is safer to print this challan and keep a softcopy. This document substantiates that an individual has paid tax.
Moreover, one can submit this document as proof of property ownership to a lending institution. This will help them avail substantial credit against simple terms.
Hopefully, the above discourse on property tax in Haryana and related factors has helped you understand the process. Note that individuals should try paying tax before a deadline to avoid unwanted penalties.
This would also improve their credibility and aid them in making systematic savings.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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