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Understanding Property Tax Assessment in Mira Bhayander: How Your Home's Value is Determined

Author
Blox Social
Posted on
Sep 13, 2023
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Mira Bhayander is a municipal corporation in Maharashtra’s Thane District and has a border with North Mumbai too. Those who have properties under the jurisdiction of the MBMC (Mira Road-Bhayander Municipal Corporation) have to pay their Mira Bhayander property taxes on residential and commercial units, including homes, business establishments and more. This tax has to be paid annually by property owners in this zone. Property tax payments can be done online at the official portal, which is www.mbmc.gov.in. 

Yet, the Mira Bhayander property tax amount may vary, depending on several factors. Here is a brief guide to understanding the assessment of taxes along with the payment processes. 

Calculation/Assessment of Mira Bhayander Property Tax

The Mira Bhayander property tax rate is calculated on the basis of several aspects, including the zonal location, plinth area, property age, non-residential/residential status, type of construction and more. It is determined by the CVS or Capital Value System, based on the market value of the property. The tax is payable in advance in semi-annual instalments. The dates are 1st April and 1st October each year. Penalties of 2% are chargeable for each month or part thereof post the last date. If the tax is not paid within 90 days, then penal interest will keep accruing, and defaulters may face legal action. 

The property tax assessment for the MCGM (Municipal Corporation of Greater Mumbai) takes aspects like FSI (floor space index), property type, amenities, age of construction, occupation status and the carpet area into account. The assessment system, in this case, is property tax = tax rate x capital value. The steps to be followed for the calculation include the following: 

  • Go to the official website and choose the tax calculator. 
  • Filing up the necessary information is the next step, including the floor, ward number, type of building, zone, carpet area, construction year, user category, tax code, FSI factor and the user subcategory. 
  • The formula for taxation will generate the calculation result. 

Checking, Paying and Verifying Mira Bhayander Property Tax Online

Checking property tax online is easy at the MBMC portal. You have to visit this link- https://pg.mbmc.gov.in/ and then search by the owner's name or the property number. The Prabhag Samiti also has to be selected. You will get all the necessary information thereafter and can download and print the property tax bill. 

Registering for an account on the official website is a must if you wish to pay your property tax online. You should enter property details like the address, tax assessment number and the financial year for which you are paying the taxes. You can calculate the amount online, review it and confirm payment. Choose any payment method like net banking, debit card, credit card or UPI and finish the transaction. You should save the tax receipt that you download as a last step. 

Property taxes can also be paid physically at MBMC offices or authorised banking institutions. You may have to fill up a form and submit the same in this case. You can also verify the Mira Bhayander property tax payment status. These are the steps that have to be followed: 

  • Visit the official website- www.mbmc.gov.in. 
  • Choose and click on Property Tax Payment in the menu. 
  • Click on View your tax bill inside the above-mentioned category. 
  • Enter the property details like the name of the owner, location, type of property and so on. Once done, click on Search
  • The system will show the present property tax payment status. It will confirm whether the payment has been processed or is still pending. You will also get to know whether any outstanding dues are still left to be paid. 

Summing Up 

Paying the Mira Bhayander property tax is a seamless process, online or offline. You can also use the online calculator to work out the payable amount. This is done on the basis of several factors as outlined above. The municipal corporation of this well-known city offers several public amenities and maintains all civic infrastructures. Hence, property taxes are its major source of revenue. You should always make your payments well before the due date to avoid penalties. 

Real Estate