As in any Indian city, residents of Indore need to pay property tax. This is a yearly tax imposed by local governments, which can be a municipal corporation, municipality or panchayat on every land or property owner in the country. The tax is payable semi-annually or annually and is charged based on the area, location, building type and occupancy status of the property.
You can pay property tax in Indore online or in person. Online payments can be made via the IMC Indore official website or the Indore Nagar Nigam property tax portal. In this article, we will learn about the following:
Indore Municipal Centre (IMC) is the governing body responsible for the administration of Indore city. Indore Municipality was established in 1870 as the country’s first elected municipal government to carry out planned development of the city. In 1956, the Madhya Pradesh government reconstituted it as a municipal corporation. Today, IMC is the richest municipal corporation in the state.
IMC handles the planning and development of the city and its utilities, such as sanitation, sewage, waste disposal and water supply. To maintain basic civic facilities, the municipal corporation levies property tax on every property owner in its jurisdiction. Property tax in Indore is applicable to all types of property, including residential, commercial, and industrial property, as well as vacant land.
The property tax that residents of Indore must pay varies from one locality to another. The tax value is based on the dimensions, built-up area, location of the property, and construction type. Here are the main factors:
Based on the above factors, the following formula is used to calculate property tax (on residential properties):
Property tax = PA x MRV x 12 x (0.17-0.3) – [(10% depreciation) + 8% library cess]
IMC provides both online and offline modes to pay property tax in Indore. Residents can visit any one of the corporation’s civic centres to pay tax or pay it online via IMC Indore or MP e-Nagar Palika websites. Follow the given steps to learn how to pay property tax online in Indore:
Online Process
Offline Process
Besides online payments, you can pay your due property taxes via designated bank branches, authorised agents, or the IMC office. Follow the given steps:
IMC has a set date to pay property tax, and it's June 30 of every year. Every property owner must pay their due taxes within this date or face penalties. To incentivise timely payment of taxes, Indore Municipal Corporation typically offers a 6.5% rebate on property tax and 6% on water bills for advance payments.
Any resident who fails to pay property tax in time has to pay penalties ranging from 1.5 to 2 times their outstanding tax according to an amendment to Section 136 of the State Municipal Act, 1956.
Property owners can use the following information to contact Indore Municipal Corporation:
Every property owner in Indore needs to pay their due taxes every year by June 30. They can do so online via the MP e-Nagar Palika portal or the nearest civic centre. However, in the case of late payments, a heavy fine is applicable. It is also only possible to transfer property or take a home loan by clearing all outstanding taxes on a property.
It is important that Indore Nagar Nigam property tax is paid by individuals residing in the area. You must keep in mind the last payment date of your property tax so that you are not charged with any penalties. Moreover, make sure to align yourself with the rebates and exemption laws and check whether you fall into that category before paying the property tax. By on-time payment of property tax in Indore, you help the authorities take initiatives to beautify the area and take measures to enhance the structural facilities.
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Property tax in Indore must be paid annually or semi-annually based on various factors. Indore Municipal Corporation is in charge of administration, property tax calculation, and utilities. Payments can be made online or offline. Due date is June 30 with penalties for late payments. Contact IMC for property tax info.