The property tax in Raigad is administered by the Rural Development and Panchayati Raj Department of the Government of Maharashtra. It is collected by the Gram Sevak, Sarpanch, or any other authorised individual appointed by the panchayat. The tax is levied on buildings and lands based on its capital value, as determined by the panchayat. To facilitate the property tax payment process, the authority has introduced an online platform accessible through its official website. Below, we would outline the details on when and how to pay property tax in Raigad.
Check this NMMC Property Tax guide
Raigad property tax rates
The Raigad property tax rate depends on the property type. The Rural Development and Panchayati Raj Department, Maharashtra has prescribed the property tax rates in Raigad for different buildings and lands.
| Type of buildings | Minimum rate (per Rs 1,000 of capital value of land or fraction thereof) | Maximum rate (per Rs 1,000 of capital value of land or fraction thereof) |
| Mud building or hut | 30 paise | 75 paise |
| Brick or stone buildings | 60 paise | 120 paise |
| Brick or stone building built in cement or lime | 75 paise | 150 paise |
| RCC built in building | 120 paise | 200 paise |
| Land parcel | 150 paise | 500 paise |
How to calculate property tax Raigad?
The calculation of Raigad property tax for buildings and land is determined by the capital value of the property. The following formulas outline how to calculate the capital value.
1. If the separate annual value rate of a building is not provided in the annual statement of rates for any rural area, then the capital value of the building can be calculated using the formula:
- Capital value of building = {(Area of building X annual value rate of land) + (Area of building X rate of construction as per the type of construction of building X Rate of depreciation)} X weightage of the building as per its usages.
2. If separate annual value rates of buildings for rural areas are specified, the capital value of the building is determined by:
- Capital value of building = Area of building X annual value rate of building X rate of depreciation X weights of the building as per its usage.
3. The capital value of land is calculated based on the annual value rate of land using the formula:
- Capital value of land = area of land X annual value rate of land.
How to pay Raigad property tax online?
To initiate the property tax payment process in Raigad, follow these steps.
- Visit the official website of the Raigad Municipality Property.
- On the homepage, navigate to the “DEPARTMENTS” section and select “Municipal Tax Online Payment”.
- You will be redirected to a new page where you can find the tax payment link: https://ptsraigarh.in/
- Access the provided link and proceed to fill in the required details.
- After filling in the necessary information, click on search option.
- Choose your preferred online payment method, such as UPI, debit card or net banking, before completing the online payment process.
When to pay Raigad property tax?
The deadline for paying Raigad property tax falls within the first six months of the financial year without incurring any interest or penalty. Additionally, individuals who fulfil their Raigad property tax obligations on time are eligible for a 5% exemption on the total tax amount.
Property tax Raigad: Penalty for non-payment
In case of failure to pay the tax amount as assessed in the current financial year, individuals will incur a penalty of 5% per annum on the outstanding tax value.
Raigad Municipality: Contact details
Contact information for Raigad Municipality is as follows:
- Phone Number: 02141-222015
- Address: Opposite Shetkari Kamgar Bhavan, Alibag, Taluka – Alibag, District – Raigad, Pin – 402201, Maharashtra
- Email ID: nagarparishadalibag@gmail.com
- Official Website: https://raigarh.gov.in/
Housing.com POV
Paying property tax in Raigad is a straight process facilitated by the Rural Development and Panchayati Raj Department of the Government of Maharashtra. Property tax rates vary depending on the type of property, with calculations based on the capital value of the building or land. Citizens can conveniently pay their property taxes online through the official website of the Raigad Municipality. It’s crucial to adhere to the deadline for tax payment to avoid penalties, and those who pay on time can benefit from a 5% exemption on the total tax amount. For any inquiries or assistance regarding property tax payment or related matters, individuals can contact the Raigad Municipality using the provided contact details.
FAQs
How is property tax calculated in Raigad?
Property tax in Raigad is calculated based on the capital value of the building or land. The formula for calculation varies depending on factors, such as the type of building and its annual value rate as determined by the Rural Development and Panchayati Raj Department, Maharashtra.
What are the available payment methods for Raigad property tax?
Raigad property tax can be paid online through various methods, such as UPI, debit card, or net banking. The online payment portal provided by the Raigad Municipality on its official website facilitates secure and convenient transactions.
When is the deadline for paying property tax in Raigad?
The deadline for paying Raigad property tax falls within the first six months of the financial year. It's important to adhere to this deadline to avoid incurring any interest or penalties on the outstanding tax amount.
Are there any exemptions for timely property tax payment in Raigad?
Yes, individuals who fulfil their Raigad property tax obligations on time are eligible for a 5% exemption on the total tax amount. This exemption serves as an incentive for prompt tax payment.
What happens if property tax is not paid on time in Raigad?
Failure to pay the assessed property tax amount within the specified deadline results in a penalty of 5% per annum on the outstanding tax value.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
Email: dhwani.meharchandani@housing.com
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