Property tax payment is a lawful mandate that any property owner must fulfil to continue enjoying property ownership rights. These are annual taxes whose non-payment attract a penalty from the authorised body and can be at a significantly high rate.
Kolkata Municipal Corporation or KMC has been among the pioneer authorities digitising the system of KMC property tax payment. If you own any residential or commercial property in the KMC jurisdiction, below is a stepwise guide on how you can complete your property tax payment online.
KMC property tax payment online in a few simple steps
Lately, the property tax collection system has been digitised, with most top cities allowing property tax collection online.
When paying your KMC property tax online, you must know thetotal dues on the property based on its valuation, which can change every year. So, the steps given below also include the path to viewing your tax payment dues before making the final payment. Complete the following steps to pay KMC property tax online:
Step 1: Visit the official website of Kolkata Municipal Corporation.
Step 2:You can also go to KMC’s dedicated portal for your KMC tax online payment instead of opting for it directly through the website.
Step 3: The page will display a plethora of options on the left side of the portal, with the ‘Home’ button located at the bottom left that you need to access.
Step 4: Under the ‘Home’ tab, you will be provided several options in the drop-down menu, where you need to click on ‘Make Online Payment’.
Step 5:Once clicked, it will open a separate dropdown with options including Current PD, Fresh-Supplementary, and Outstanding LOI.
Step 6: From the given options, you need to select Current PD as the KMC property tax payment is to be made for the current period.
Step 7: Once selected, the screen will prompt you with a small form needing to be filled with the assesseenumber, contact number, and email ID. You can get your unique assesseenumber as a 12-digit code printed on your prior bill issued by KMC.
Step 8: Enter all three details and proceed to click on the ‘Search’ tab.
Step 9: Once the search completes, the screen will display a table mentioning all the invoices that need payment.
Step 10: You have an option to select whether you will pay all the bills due at once or go with the payments one at a time.
Step 11: Under the invoices table, you will be presented with two options, ‘Search’ and ‘Pay’. Select the ‘Pay’ option to move forward with the payment of KMC house tax.
Step 12: On selecting the ‘Pay’ option, you will be redirected to a new page requiring you to choose the payment method, which can vary from cards to net banking payments. Choose the payment option you find suitable for yourself.
Step 13: Once you have selected your preferred payment method, complete the transaction in the payment gateway through necessary authorisation. Depending on the method chosen, you may be asked to provide your debit/credit card’s PIN, CVV, internet banking password, OTP, 3D security password, security code, etc.
Step 14:Once you have authorised the transaction, your property tax payment process will be complete, generating an acknowledgement receipt. You can save the receipt and/or take a print of the samefor future reference.
Completing your property tax payment periodically can be helpful when availing mortgage financing, such as a loan against property.
Some reputed lenders consider a property tax payment receipt as one of the necessary documents needed to apply for a loan against property.
These lending institutions also bring pre-approved offers to simplify and quicken financing. These offers are available on several financing options, including loans against property and home loans. Provide only your essential contact details to check your pre-approved offer.
The KMC property tax receipt is one of the essential documents required when applying for a loan against property. Besides, it gets easy to qualify for a loan against property by meeting simple eligibility criteria. So, make sure to fulfil all eligibility requirements before applying for the advance.