Delhi House Tax Formula:
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The Delhi House Tax is a property tax levied by the Municipal Corporation of Delhi (MCD) on residential and commercial properties. It's calculated based on the assessed value of the property and the applicable tax rate.
The calculator uses the simple formula:
Where:
Explanation: The tax is calculated by multiplying the assessed value of your property by the tax rate (converted from percentage to decimal).
Details: Accurate house tax calculation helps property owners budget for their annual tax payments and ensures compliance with municipal regulations. Timely payment avoids penalties and legal issues.
Tips: Enter the assessed value of your property in rupees and the applicable tax rate in percentage. The standard rate in Delhi is typically around 12%, but this may vary based on property type and location.
Q1: How is assessed value determined?
A: The MCD determines assessed value based on property size, location, type (residential/commercial), construction quality, and other factors.
Q2: Are there any exemptions or rebates?
A: Yes, Delhi offers rebates for early payment (usually 10-15%) and exemptions for certain categories like small properties or senior citizens.
Q3: When is house tax due in Delhi?
A: House tax is typically paid annually, with payments due by June 30 each year. Quarterly payment options are also available.
Q4: What happens if I don't pay house tax?
A: Late payments attract penalties (usually 1% per month), and persistent non-payment may lead to legal action or property attachment.
Q5: Can I challenge my property's assessed value?
A: Yes, property owners can file objections with the MCD if they believe their property has been incorrectly assessed.