Property Tax Evaluation To Get Faster in Hyderabad

Hyderabad: Property Tax Assessment To Get Faster

A plan to combine building permission and property tax in Development Permission Management System (DPMS) is on papers. Unlike earlier, property tax will be assessed while issuing the Occupancy Certificate.

As per the top Greater Hyderabad Municipal Corporation (GHMC), once the details are listed in DPMS for building permission, the data will be shared in a single-window platform and property tax will be assessed. The software will be developed to combine building permission and property tax.

As of now, after the occupancy certificate is issued by the civic body’s town planning division. It can not be ignored that there are cases where houses have been identified after 3-years of occupancy and bill collectors manually evaluated the properties and estimated property tax.

What Is a Property Tax Assessment?

A property tax evaluation decides the market value of a property. Evaluations are normally prepared on a particular date each year, and they are usually based on current sales of equal properties in the area. Local authorities use your tax evaluation on the basis of your annual property tax bill.

Is property tax evaluation fair the market value?

Property taxes are charged by the state in which you live. They will impose a value based on comparable homes in your neighborhood. This assessed value will decide the amount of property tax you have to pay. Usually, the assessed value of a home is less than the market value.

How can I check my property tax online in Hyderabad?

You can check your property tax status online by following the steps below:

•     Step 1: Visit the GHMC Property Tax Website
•     Step 2: Select Search Your Property Tax
•     Step 3: Select Your Property
•     Step 4: Verify Dues and Make Property Tax Payment