A local government imposes an annual or semiannual fee on the owners of real estate within its jurisdiction, known as a property tax.
In Bengaluru, property owners are obligated to pay property tax to the Bruhat Bengaluru Mahanagara Palike (BBMP) annually. The BBMP utilizes these funds to offer civic amenities in the city.
Property tax payment is an essential obligation for property holders, guaranteeing the efficient operation of local government and the advancement of infrastructure. The Greater Hyderabad Municipal Corporation (GHMC) oversees property tax collection in Hyderabad.
Property owners in Delhi are required to remit MCD property tax to the Municipal Corporation of Delhi (MCD) on an annual basis. This tax applies to residential structures, commercial establishments, and undeveloped plots of land.
The Gurgaon property tax, also known as MCG Property Tax, is a direct tax levied by the Municipal Corporation Gurgaon on various types of properties including commercial spaces, residential spaces, rented properties, and vacant lands.
The Pimpri-Chinchwad Municipal Corporation (PCMC) is one of the wealthiest local governing bodies due to the significant presence of multinational manufacturing facilities operating within its jurisdiction.
The Kalyan Dombivli Municipal Corporation (KDMC) serves as the administrative authority for the region of Kalyan Dombivli, situated in the Thane district. Founded in 1982, the KDMC's central office is based in Kalyan.