GVMC, or the Greater Visakhapatnam Municipal Corporation, is the principal authority or civic body responsible for governing the city of Visakhapatnam in Andhra Pradesh. Therefore, the GVMC property tax is levied on the city's citizens who own property. This tax contributes to the development and upliftment of the city's infrastructure and administrative operations.
Also called the house tax or municipal tax, every property owner is charged property tax every year. Nevertheless, the tax amount that you need to pay is determined based on a few crucial factors as specified by the government.
So if you are a resident of Visakhapatnam owning a property in the city, read the following blog till the end to find out more about the same. The blog will talk about the following in detail:
The due GVMC property tax amount for the property owners of Visakhapatnam is decided depending on various parameters, out of which the tax rate is the most crucial one. It is important to note that the tax rate for the property tax differs every financial year. Hence, the GVMV property tax rate for 2024 is mentioned in the following table:
ARV Range of the Property | Tax Rate for Commercial or Non-residential Properties | Tax Rate for Residential Properties |
More than Rs. 3600 | 30% | 30% |
Rs. 2401 to Rs. 3600 | 22% | 30% |
Rs. 1200 to Rs. 2400 | 19% | 30% |
Rs. 601 to Rs. 1200 | 17% | 30% |
Up to Rs. 600 | Exempted from, GVMC property tax payment | 30% |
In the above table, ARV stands for the Annual Rental Value of a property which is calculated depending on the property's valuation. Some of the parameters that impact the value of a property include the following:
You must also remember that according to Section 85(2) of the Municipal Councils Act, the property tax GVMC for residential properties should be within 25%, while it is 33% maximum for non-residential properties in Visakhapatnam.
Also, regardless of the way the ARV of a property is determined, the property tax rate will be 30% for all those non-residential properties that come under the jurisdiction of GVMC.
The GVMC property tax payment process for Visakhapatnam has been simplified through the introduction of an online payment procedure. You can thus opt for paying the GVMC property tax online by following the simple steps given below:
Property owners of Visakhapatnam are also allowed to pay the GVMC tax using the personalised mobile app of the Greater Visakhapatnam Municipal Corporation. You can refer to the following steps to proceed for the same:
As an alternative to the GVMC property tax payment, you can opt for the same through an offline process, at your convenience. The following steps will guide you through the process of making the property tax payment in Visakhapatnam offline.
Please note that in case you encounter any issues in finding the citizen service centre or the necessary authority to pay the tax, you can contact GVMC on its helpline number - 1800 425 00009.
It is mandatory to receive the GVMC property tax receipt once you have paid the same. It is one of the crucial documents related to your property that enables you to make future tax payments without any legal complications. It acts as evidence that you have cleared all your previously due taxes on time, which helps you avoid penalties or any disputes.
Holding a property tax receipt is also necessary to access various public services in Visakhapatnam. These include sanitation, street lighting, water supply, etc.
Therefore, whenever you complete paying your property taxes, whether online or offline, you must have the receipt.
Nevertheless, go through the following steps to learn how you can get the GVMC property tax receipt online:
There are a few mandates regarding exemptions and concessions for GVMC property tax generated by the State Government. You need to learn about the same to find out which of these applies to you.
Likewise, in case a property owner of Visakhapatnam pays the GVMC property tax before 30th April of a financial year, he becomes eligible for a 5% rebate on the tax amount. Some of the other rebates and concessions based on the age of a property include the following:
Property tax applicants are allowed to modify their applications in many ways. It is essentially true in the case of conversion of a property from vacant land tax (VT) to house tax (HT). You can refer to the following steps to do the same:
Property owners in Visakhapatnam are also allowed to request a revision of the tax amount assessed against their property as per the general revision petition section. For that, you will have to submit a general revision petition of the GVMC property tax within 15 days of the generation of the special notice.
Given below is the process for the same:
The GVMC property tax is among the most crucial forms of revenue in Visakhapatnam. It effectively contributes to the development of the state's infrastructure and administrative operations. Hence, it is a significant issue regarding your property that you must learn about before proceeding to purchase one.
You must note that irrespective of the type of property you own in the state, you are mandated to pay the GVMC property tax. Therefore, in case you are planning to buy a property in Visakhapatnam, make sure to assess the ARV and the due property tax amount you need to pay to ensure your convenience.
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GVMC, the governing body of Visakhapatnam, collects property tax based on ARV and various property factors. The tax can be paid online, offline, or through a mobile app. Receipts are crucial for future payments and accessing public services. Exemptions and rebates are available. Property owners can alter or request a revision of their tax assessments. Understanding GVMC property tax is essential for property owners in Visakhapatnam.