Paying property tax in Thane online

By LODHA

Property tax is a tax that is levied on the value of a property, which the owner of the property usually pays. In Thane, property tax is levied by the Thane Municipal Corporation (TMC) on all properties within its jurisdiction. Property tax in Thane Municipal Corporation is subject to specific rates and regulations determined by the local authorities.

Property owners in Thane can pay their property taxes online, which is a quick and convenient way to pay their taxes. In this blog, we will discuss how to pay property tax online in Thane and the benefits of making payments online.

Various factors influence the amount of TMC for property tax Thane online payment. One of the primary factors is the location of the property. If the property is situated in a posh area, the TMC property tax is likely to be higher than in other affordable or remote areas. Another factor that affects the TMC property tax is the size of the property, with larger properties incurring a higher tax.

The market value of the property also plays a crucial role in determining the TMC property tax. The government estimates the value of the property based on the prevailing market rates and records, which then influences the tax amount.

Moreover, the type of building also impacts the TMC property tax, with different tax rates applied for residential, commercial, institutional, and industrial properties. Lastly, the age of the property is also taken into consideration while calculating the TMC property tax, with newly constructed buildings attracting higher taxes than older constructions.

How to Pay Thane Property Tax Online?

Property owners in Thane can pay their property tax online by following these simple steps:

Step 1: Visit the Thane Municipal Corporation website 

Step 2: Click the 'Online Services' tab on the homepage and select 'Property Tax' from the dropdown menu.

Step 3: Enter your Property Identification Number (PID) or Assessment Number to retrieve your property tax details.

Step 4: Verify the details and click the 'Pay Now' button.

Step 5: Choose your preferred payment mode, such as net banking, credit card, or debit card.

Step 6: Enter your payment details and click the 'Submit' button.

Step 7: Once the payment is successful, download the receipt for future reference.

Benefits of Making Thane Property Tax Payments Online

1. Convenience: Paying property tax online is a quick and convenient way to pay your taxes without visiting the Thane Municipal Corporation office.

2. Time-Saving: Paying property tax online saves time as you can complete the process within a few minutes.

3. 24x7 Availability: The online payment system is available 24x7, allowing you to pay your taxes at any time of the day.

4. Secure: The online payment system is secure and ensures the safety of your payment details.

Decoding Thane Property Tax Penalties & Rebates

Below mentioned are the penalties:

- In Thane, the deadline for paying property tax is September 30th every year. Failure to pay the tax by this date results in a penalty of two percent for every month of delay, which the taxpayer must continue to pay until the entire tax amount is cleared. 

- If the tax remains unpaid for 90 days after the deadline, the interest on the tax increases and legal action may be taken against the taxpayer. TMC deducts the recovery charges at the time of payment for delayed tax payments. The outstanding amount will only be collected after these deductions. 

- In extreme cases where the taxpayer fails to pay their taxes for an extended period, the TMC reserves the right to seize the property. 

Understanding Exemptions and Concessions of Property Tax Thane 

Property owners can benefit from a concession of 2-4 percent on their outstanding tax bill amount if they pay it before the due date. Furthermore, TMC has recently passed a resolution that exempts property tax for houses measuring up to 500 sq ft. This resolution has been approved by the State Government, which offers a waiver of 31 percent on property tax for such flats within the Thane Municipal Corporation limits. This waiver has been effective since April 2022.

The online Thane city property tax payment is a quick and convenient way to pay your taxes, which also saves time and ensures security. By paying property taxes on time, property owners can fulfil their civic responsibility and contribute to the development of Thane.

Frequently Asked Questions

1. How to pay the Thane property tax online?

To pay the Thane property tax online, follow these steps: 

Step 1- Visit the official website of Thane Municipal Corporation and click on the 'Online Services' tab. 

Step 2- Click on the 'Property Tax' option from the dropdown menu and select the type of property you own. 

Step 3- Enter your property details, including the Property Account Number (PAN), and click on the 'Search' button. 

Step 4- Check the details and click on the 'Pay' button. Select the payment method and follow the instructions to complete the payment. 

Step 5- Once the payment is successful, you will receive a receipt. You can take a printout of the receipt for future reference.

2. What is the due date of the property tax payment in Thane?

Every year, the deadline for paying property taxes in Thane is September 30. Any taxpayer who fails to pay their taxes by this date will be subject to a two percent penalty for each month they are late. The penalty will be paid by the taxpayer until the entire tax amount is paid. *Source- 99 Acres

3. Where do I make the Thane property tax payment?

Thane property tax payments can be made online through the Thane Municipal Corporation website or at various designated banks and municipal offices in Thane.