Property Tax in Maharashtra: Rates, Rules, Payment & More
The Maharashtra State Government collects property tax through its local municipal corporations. This tax is mainly applicable to real estate, especially vacant land and buildings in both urban and rural areas. The property tax in Maharashtra plays a vital role in funding civic infrastructure like roads, parks, drainage systems, and sanitation facilities.
What is Property Tax in Maharashtra?
Property tax is an annual tax paid by property owners in Maharashtra. It is collected by local bodies like the Brihanmumbai Municipal Corporation (BMC), Thane Municipal Corporation, Pune Municipal Corporation, and others. You can make property tax payments online or offline depending on the city's portal.
How Property Tax is Calculated in Maharashtra
The property tax amount is calculated using a formula based on the capital value of the property. The rules for calculating the tax are outlined under Section 154 of the Maharashtra Municipal Corporation (MMC) Act.
Main Factors Used in Property Tax Calculation:
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Location of the property
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Type of property (residential, commercial, land)
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Built-up area / Carpet area
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Property age
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Construction type (RCC, kutcha, multi-storey)
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Use category (residential, commercial, industrial)
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Floor Space Index (FSI)
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Amenities available
Formula for MCGM/BMC Property Tax Calculation:
Property Tax = Tax Rate × Capital Value
Where,
Capital Value = (Base Rate or Ready Reckoner Rate × Built-up Area × Age Factor × Construction Type × Usage Category × Floor Factor)
Weightage Used in Capital Value Calculation
| Parameter | Weight (Units) |
|---|---|
| RCC/Concrete Building | 1.00 unit |
| Semi-pucca Structure | 0.60 unit |
| Under-construction Land | 0.50 unit |
| Built before 1945 | 0.80 unit |
| Built between 1945–1985 | 0.90 unit |
| Built after 1985 | 1.00 unit |
| Residential Use | 1 unit |
| Commercial Property | 3 units |
| Hotels/Establishments | 4 units |
| Industrial Use | 2 units |
| Non-Profit Institution | 1 unit |
What is the Ready Reckoner?
The Ready Reckoner rate is the market value of the property as per the Maharashtra Government's Annual Statement of Rates (ASR). It helps in determining both stamp duty and property tax valuation.
How to Pay Maharashtra Property Tax Online
You can easily make your property tax payment online for most cities in Maharashtra through their official websites. Here are some of the key municipal corporations and their online payment links:
| Sr. No. | Municipal Corporation | Online Property Tax Payment Link |
|---|---|---|
| 1 | Mumbai (BMC) | MCGM Property Tax Portal |
| 2 | Thane | TMC Property Tax |
| 3 | Pune | Pune Municipal Corporation |
| 4 | Navi Mumbai | NMMC Property Tax |
| 5 | Kalyan-Dombivli | KDMC Online Tax |
| 6 | Nagpur | NMC Property Tax |
Step-by-Step: How to Pay MCGM Property Tax Online
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Go to the official MCGM property tax website.
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Enter your Property Account Number and the captcha code.
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Verify the property details displayed.
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Enter the payable amount and choose a payment method (Net Banking, Credit/Debit Card).
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Download the receipt after payment.
Step-by-Step: How to Pay Thane Property Tax Online
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Visit Thane Property Tax Portal.
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Choose your language (Marathi/English).
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Enter property number, subcode, and name.
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View tax amount and proceed to payment.
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Save the payment receipt for reference.
Types of Property Tax in Maharashtra
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Urban Property Tax – Charged by municipal corporations like Mumbai, Pune, Thane, Nagpur, etc.
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Rural Property Tax – Collected by Gram Panchayats and local councils in rural areas.
Final Thoughts - Property Tax in Maharashtra
Paying your Maharashtra property tax on time helps improve your city's infrastructure and avoids penalties. Whether you're in Mumbai, Thane, Pune, or any other city, online payment of property tax is now quick and convenient. Always keep your property account number, Ready Reckoner rate, and built-up area ready while making payments.
