Property Tax Thane: How to Pay Tax Online & Offline

Table of Content:

1. Property Tax Thane: Overview​
2. How To Pay Thane Property Tax Online?
3. How To Download Property Tax Online Payment Thane Receipt?
4. How To Pay Property Tax Thane Offline?
5. Formula To Calculate Thane Property Tax Payment​
6. Property Tax Thane: Rebates and Penalties
7. Exemptions And Concessions Under Thane Municipal Corporation Property Tax

The residential and commercial owners of properties in Thane are mandated to pay property tax Thane annually to the Thane Mahanagar Palika. Thane Municipal Corporation property tax is a major source of revenue for the local bodies for the city's socio-economic development. In this guide, you will discover how the property tax Thane is collected, how to pay it, and much more.

Property Tax Thane: Overview

Under the provisions of the Maharashtra Municipal Corporation Act, property owners have to pay property tax Thane twice a year. The first round is April 1, and the second round is October 1.

The Thane Municipal Corporation Property tax amount is based on various factors, like:

1. Location: A higher property tax Thane is imposed on properties in an upper-class area, compared to the tax imposed on properties in affordable or remote areas.

2. Area: Properties with a bigger area have to pay a higher Thane municipal corporation tax.

3. Market Value: Another important factor affecting property tax Thane is the property's market value.

4. Purpose of property: The Thane Municipal Corporation property tax rate is set based on the purpose of the property. The property tax rates differ across residential, commercial, institutional, and industrial properties.

5. Age of the property: The old construction buildings have to make a lower Thane property tax payment. A higher tax rate is imposed on the newly constructed properties.

Also Read: PMC Property Tax: Guide for Online & Offline Tax Payments

How To Pay Thane Property Tax Online?

Thane Municipal Corporation property tax can be paid using online and offline methods. To pay Thane property tax online, follow the below-mentioned step-by-step guide.

Step 1: Visit the online portal https://propertytax.thanecity.gov.in/.

Step 2: Search your property by either property number or owner’s name.

Step 3: Register yourself to pay the property tax Thane. 

Step 4: To complete the transaction, choose the online payment method. You can choose from Internet banking/ debit cards/ credit cards/ UPI.

Step 5: A receipt is generated upon successful completion of the payment.

How To Download Property Tax Online Payment Thane Receipt?

Thane property tax bill download is important for property owners to keep the records to themselves. Follow these steps to download the Thane Mahanagar Palika property tax receipt.

Step 1: After completing the property tax transaction, you can view the tax receipt.

Step 2: Click the download option to download the Thane municipal corporation tax receipt.

How To Pay Property Tax Thane Offline?

In addition to paying Thane property tax online, property owners in Thane can also pay property tax offline. To pay the tax offline, follow the below-mentioned steps:

Step 1: Pay a visit to either the tax collection center or the branch office of the Thane Municipal Corporation (TMC).

Step 2: Submit the necessary property details, like the owner's name, colony name, property ID, property type, property zone, and property ward number.

Step 3: Make the payment either using cash, demand draft or cheques.

Step 4: Take the property tax Thane receipt.

Related Read: Tricks to Save Money on Property Tax Bill

Formula To Calculate Thane Property Tax Payment​

At present, the Thane Municipal Corporation Property Tax rate is 38.76%. Using the below-mentioned formula, you can calculate the property tax Thane rate.

Property tax Thane = Tax rate x Total carpet area or area of land x type of property x property's age x floor factor x property's usage.

The property tax rate is determined separately for specific Thane zones.

Property Tax Thane: Rebates and Penalties

Below are penalties and rebates that are applicable under the

Thane Municipal Corporation Property Tax.

• For the delay in payment of property tax Thane, the property owners have to pay a 2 percent penalty every month until the entire amount is cleared. ​
• If the property tax is not paid in full within the designated 90 days, legal measures and penalty interest are taken against the taxpayer. 
• Furthermore, if the property owners fail to pay their taxes, the government may seize them.

To encourage property owners to pay the property tax Thane before the due date, the Thane Municipal Corporation gives a rebate of 2–3 percent to early taxpayers.

Exemptions And Concessions Under Thane Municipal Corporation Property Tax

Under the Thane Municipal Corporation, homes with up to 500 square feet of space are exempt from paying property tax Thane. Moreover, homes with up to 500 square feet of space that come under Thane Municipal Corporation boundaries enjoy a 31% waiver on property tax. 

Moreover, the following categories of property owners enjoy exemptions on their property tax.

• Physically disabled property owners

• Female property owners

• Senior citizens

• Agricultural properties

• Educational establishments

• Owners who had served in the Army or Navy.

Property Tax Thane: Latest News

The Thane Municipal Corporation has collected Rs 200 crore of property tax in the first 66 days of the first quarter. It is close to 25% of its target for FY 2023-24.

Final Words For Property Tax Thane

Property tax Thane collected by the Thane Municipal Corporation enables it to improve the well-being of the people by providing them with basic amenities like all-weather roads, clean water, 24x7 electricity, and much more. TMC has made the Thane Mahanagar Palika property tax payment easy and smooth via its user-friendly website.