Property tax, also known as holding tax, applies to both residential and commercial properties in Bhubaneswar. The Bhubaneswar Municipal Corporation (BMC) is responsible for collecting property tax in the city. Since 2022, the corporation has transitioned to online payment methods for holding tax via Bhubaneswar ME. Bhubaneswar ME is a Smart City initiative, providing a single secure portal that acts as a window to the various e-municipality services. You can use this portal to easily pay your property tax from your home. Read on to learn more about when and how to pay Bhubaneswar property tax.
Bhubaneswar property tax rates
Individuals who own property in Bhubaneswar are required to pay a property tax rate equivalent to 17.5% of the total annual value. This rate is applicable to both commercial and residential properties.
How is Bhubaneswar holding tax calculated?
There are different methods for calculating Bhubaneswar property tax value for self-occupied residential properties, rental residential properties, and commercial properties.
Calculating Bhubaneswar property tax for self-occupied residential properties
- Multiply the plinth area of the holding in square meters by Rs 13.65, resulting in X.
- Deduct 15% of X for maintenance and repair.
- Add 0.5% of the land cost where the holding is located to calculate the total annual value.
- The total property tax will be 17.5% of the total annual value calculated.
Calculating Bhubaneswar property tax for rental residential properties
- Multiply the monthly rent of the building by 12 to get X.
- Deduct 15% of X towards maintenance costs.
- Add 0.5% of the land cost where the building is situated to calculate the total annual value.
- The total property tax will be 17.5% of the total annual value calculated.
Calculating Bhubaneswar property tax for commercial properties
- Combine the civil cost of the building with the cost of PH and electric fitting.
- Calculate 7.5% of the value obtained.
- Add 0.5% of the land cost to calculate the total annual value.
- The total property tax will be 17.5% of the total annual value calculated.
How to pay Bhubaneswar ME property tax online?
Paying property tax in Bhubaneswar online has been made simpler through the official website of the BMC. Follow these steps to pay Bhubaneswar property tax.
- Visit the Bhubaneswar Municipal Corporation’s official website.
- Scroll to the bottom of the homepage and click on ‘Property Tax Services’.
- Choose BMC from the available options and select Holding/Property tax.
- Click on ‘Pay Property Tax’.
- Enter your registered mobile number and password, then click on login.
- Utilize the online payment method to pay Bhubaneswar property tax.
- Download the receipt for your records.
When to pay Bhubaneswar property tax?
The deadline for paying property tax in Bhubaneswar for a specific fiscal year is April 30. According to the regulations, individuals who own property in Bhubaneswar are eligible for a rebate on tax if they pay it before August.
Bhubaneswar property tax rebate
Citizens who own property in Bhubaneshwar are entitled to a 5% rebate on the annual tax if they pay it before August.
How to change your name in Bhubaneswar property tax bill?
To change the name in Bhubaneswar property tax bill, follow these steps.
- Visit the official website of the Government of Odisha Revenue & Disaster Management Department at odisharevenueservices.nic.in.
- On the homepage, select ‘Apply for Mutation’.
- Enter the required details, such as name, e-mail ID and mobile number, then click on ‘Get OTP’.
- Complete all necessary formalities and upload the required documents on the dashboard.
- Use the online payment method to pay the mutation fee, then download the receipt.
How much is the property mutation fee in Bhubaneswar?
The mutation fee in Bhubaneswar is as follow:
- Application fee: Rs 10
- User fee: Rs 80
- Demarcation fee: Rs 20
- Speed post fee: Rs 40
Housing.com POV
Paying Bhubaneswar property tax has become more convenient with the transition to online methods facilitated by the Bhubaneswar Municipal Corporation (BMC). Property tax applies to both residential and commercial properties, with a standard rate of 17.5% of the total annual value. Calculating property tax varies depending on the type of property, with specific formulas for self-occupied residential, rental residential, and commercial properties. The deadline for property tax payment is April 30, with a 5% rebate offered to those who pay before August. Additionally, citizens can change their name on property tax bills through the official website of the Government of Odisha Revenue & Disaster Management Department.
FAQs
How can I calculate my property tax in Bhubaneswar?
Property tax calculation varies based on the type of property. For self-occupied residential properties, multiply the plinth area by Rs 13.65, deduct 15% for maintenance and add 0.5% of the land cost. For rental residential properties, multiply the monthly rent by 12, deduct 15% for maintenance, and add 0.5% of the land cost. For commercial properties, calculate 7.5% of the civil cost and add 0.5% of the land cost.
When is the deadline for paying property tax in Bhubaneswar?
The deadline for paying property tax in Bhubaneswar for the fiscal year is April 30. It's essential to ensure timely payment to avoid penalties.
How can I avail rebate on property tax in Bhubaneswar?
Property owners in Bhubaneswar can avail of a 5% rebate on their annual tax by paying before August. This incentive encourages prompt payment and offers savings for property owners.
Can I change my name on the property tax bill?
Yes, you can change your name on the property tax bill. Visit the official website of the Government of Odisha Revenue & Disaster Management Department, follow the steps under 'Apply for Mutation', complete the formalities, and pay the mutation fee online.
How do I pay my property tax online in Bhubaneswar?
To pay property tax online in Bhubaneswar, visit the Bhubaneswar Municipal Corporation’s official website, select 'Property Tax Services', choose BMC, click on 'Holding/Property tax', log in with your details, use the online payment method, and download the receipt for your records.
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