Property Tax Calculator
Get an indicative estimate of your annual and monthly property tax based on market value, property type, city tier, age and usage.
Disclaimer. This is an indicative estimate only, not an official assessment — actual property tax depends on your local municipal corporation's specific rules, assessed value and any applicable rebates, so verify the exact amount with your municipality. Read full disclaimer →
How Property Tax Is Estimated
Formula: Property Tax = Market Value × Tax Rate × Usage Factor × Age Depreciation. The base tax rate depends on your municipal tier — Metro cities use 0.15%, Tier-2 cities 0.10%, and Tier-3 cities 0.06% of market value, reflecting typically higher municipal levies in larger metros. A property-type multiplier then adjusts the rate: Residential is the baseline (1×), Commercial is taxed much more heavily (2.5×), Industrial at 2×, and Vacant land gets a discount (0.5×).
A rented property carries a 20% usage surcharge (1.2× factor) over self-occupied use, since many municipalities tax let-out property more heavily. An age depreciation factor reduces the effective tax by 1% per year of building age, floored at a minimum of 60% of the base rate (so very old buildings don't depreciate below that floor).
Worked Example
A ₹80,00,000 residential property in a Metro city, 5 years old, self-occupied: age factor = 1 − (5 × 0.01) = 0.95. Annual tax = ₹80,00,000 × 0.0015 × 1 × 1.0 × 0.95 = ₹11,400/year (about ₹950/month), an effective rate of 0.1425%.