Introduction
The Rural Development & Panchayat Raj Department of the Maharashtra Government administers property tax in Raigad through its official website. Property tax is collected by the Sarpanch, Gram Sevak, or Panchayat from persons duly authorized over the property. OpenPlot provides a comprehensive guide to the latest updates, like Raigad property tax online payment, tax rates, and concessions.
Table of Contents
- Raigad Property Tax Rate in 2024
- How is Raigad’s Property Tax Calculated?
- How to Pay Raigad Property Tax Online Payment?
- Penalty for Late Payment of Raigad Property Tax
The Department of Rural Development & Panchayat Raj, Government of Maharashtra has regularized Raigad Property Tax. The initiative aims to improve the efficiency and transparency of collection of property tax payments in Raigad district. The department has also introduced online payment options to make the process more convenient for residents.
This will make it easier for residents to pay their property taxes and help reduce instances of tax evasion. Online payment options provide a hassle-free experience to taxpayers and contribute to the region’s overall development.
Raigad Property Tax Rate in 2024
The Raigad property tax rate depends on the type of property citizens own and their age. The Department of Rural Development & Panchayat Raj, Maharashtra, has prescribed property tax rates for various buildings and lands in Raigad. These rates are revised periodically based on factors such as inflation and infrastructure development in the area.
Residents should stay informed about any changes in property tax rates to ensure accurate payments. Failure to stay updated could result in either overpaying or underpaying taxes. They are leading to potential penalties or fines. Property owners should regularly check for updates on the Department of Rural Development & Panchayat Raj, Maharashtra, website or contact local authorities for accurate information.
| Type of buildings | Minimum rate | Maximum rate |
| Hut or mud Building | 30 paise | 75 paise |
| Stone or Brick Buildings | 60 paise | 120 paise |
| Stone, bricks Building built in lime or cement | 75 paise | 150 paise |
| RCC built in Building | 120 paise | 200 paise |
| Rate of tax on lands | Per Rs 1,000 of capital value of land or fraction thereof |
How is Raigad’s Property Tax Calculated?
Raigad property tax on buildings and land is calculated based on the capital value of the building or land. As a homeowner, you can calculate the capital value using the formula shared below:
- If a separate annual value of the building is not given in the annual rates statement for any rural area, it is recommended to contact the local government office or tax assessor for more information on how the building value is assessed. The capitalized value of the building shall be calculated using the mathematical formula shared below:
| Capital value of building = {(Area of building X annual value rate of land) + (Area of building X rate of construction as per the type of construction of building X Rate of depreciation)} X Weightage of the building as per its usages. |
- Setting separate annual valuation rates for buildings in rural areas would make it easier to know. The capital value of the building is determined by the mathematical formula shared below:
| Capital value of building = Area of building X annual value rate of building X rate of depreciation X weights of the building as per its usages |
- Based on the annual value rate and age of the property, the capital value of the property shall be calculated using the mathematical formula shared:
| Capital value of property = area of property X annual value rate of the property |
How to Pay Raigad Property Tax Online Payment?
Raigad property tax is collected by the Sarpanch, Gram Sevak, or any other person duly authorized by the Panchayat. The recipient must provide a property tax receipt for all such payments. Failure to provide a property tax receipt may result in penalties or legal action by the Panchayat. Property owners need to keep their receipts in a safe place for future reference.
This receipt serves as proof of payment and can be used for any disputes or inquiries regarding property tax. Keeping a digital copy of the receipt as a backup is recommended in case the physical copy is lost or damaged. Having a digital copy will ensure that property owners always have easy access to their receipts. Property owners can easily provide proof of payment to the Panchayat if there are any discrepancies or issues.
Penalty for Late Payment of Raigad Property Tax
Citizens who miss the deadline will be required to pay a penalty for late payment. Those who pay all Raigad property taxes on time will not incur any additional fees or charges. Timely payment ensures that essential services and infrastructure in the community are maintained and improved for the benefit of all residents.
By paying property taxes promptly, residents contribute to the overall well-being and development of the community. It is important for all citizens to fulfill their financial obligations in a timely manner to support the growth and sustainability of Raigad. If they fail to pay tax as per assessment in the current financial year, they will be liable to pay a penalty of five per cent per annum on the outstanding tax value. A penalty must be paid if tax is not paid.
The timely payment of the Raigad property tax is crucial, as it unlocks many benefits. Taxpayers must pay. This is the responsibility of property owners. The tax revenue is used for civic amenities and development in the city. Timely payment allows taxpayers to claim certain tax deductions. It does not need to incur additional financial charges.
Conclusion
Raigad residents can easily access the website to pay their Raigad property tax online payment, The department also provides information on property tax rates and exemptions for eligible individuals. These online services streamline the department’s property tax payment process and aim to ensure transparency in tax collection. For more information, visit openplot.
| Also read How to Pay MCD Property Tax in Delhi The Municipal Corporation of Delhi (MCD) has further tightened property tax collection norms to surpass last year’s collection figures. MCD has directed that all tax offices function on weekends as well, apart from gazette holidays. |
Frequently Asked Questions
Q. How do I pay Raigad’s property tax?
A. Raigad property tax is collected by the Sarpanch, Gram Sevak, or any other person duly sanctioned by the Panchayat. It can be accessed easily.
Q. When is the last date to pay property tax in Raigad?
A. The last date for payment of Raigad’s property tax is the first six months of the financial year of each year.
Q. What was the old name of Raigad district?
A. Previously known as Kolaba, it was rechristened Raigad District. Raigad is known for its scintillating historical places, pristine beaches, picturesque landscapes, and diverse flora and fauna of the Western Ghats.