Visakhapatnam, the second-largest city in Andhra Pradesh, is known for its thriving industries and scenic coastal beauty. To maintain the city’s infrastructure, the Greater Visakhapatnam Municipal Corporation (GVMC) imposes property tax on all properties in the region. This guide explains the key aspects of GVMC property tax, from calculation to payment methods.
What is GVMC Property Tax?
GVMC property tax is an annual levy imposed by the Greater Visakhapatnam Municipal Corporation to fund the development of city infrastructure and services, such as roads, sewerage systems, parks, and streetlights. The tax is calculated based on property type, location, and its usage (residential, commercial, etc.). The revenue collected is vital for maintaining and improving the city's amenities.
How to Calculate GVMC Property Tax
To calculate GVMC property tax, property owners need to know their Annual Rental Value (ARV) and the applicable tax rate. The formula for calculating property tax is:
Property Tax = ARV × Tax Rate
For example:
If the ARV of a residential property is ₹10,000 and the tax rate is 0.5%, then:
Property Tax = ₹10,000 × 0.005 = ₹50
Tax rates vary based on factors such as the size, type, and location of the property within Visakhapatnam.
GVMC Property Tax Payment Methods
There are two primary methods to pay GVMC property tax: online and offline.
Online Payment Method
GVMC has introduced an online portal for property tax payments, making it convenient for taxpayers to pay from anywhere.
Steps for Online Payment:
Visit the GVMC official website.
Log in to the portal using your property details.
Enter the ARV and tax rate details.
Pay through available online payment options.
Download the receipt for your records.
Offline Payment Method
If you prefer to pay offline, you can do so at a local Purva Seva Centre.
Steps for Offline Payment:
Visit a nearby Purva Seva Centre.
Provide details such as your property zone, district, and unique property number.
Pay the tax via cash, debit, or credit card.
Receive the official property tax receipt.
Mobile App Payment
GVMC also offers a mobile app for property tax payments, making it even more accessible.
Steps for Mobile App Payment:
Install the Purva App on your smartphone.
Enter your property details, including the unique property number and district.
Select your preferred payment method.
Complete the payment and download the receipt.
How to Obtain GVMC Property Tax Receipt
After paying your property tax, ensure you get a receipt for future reference.
To Download the Receipt:
Visit the GVMC official website.
Select "Know Your Receipt" and fill in your property details.
Submit the form to view your property tax details.
Download and print the receipt for record-keeping.
Exemptions and Rebates for GVMC Property Tax
GVMC offers some incentives for taxpayers who pay on time or meet certain criteria.
Rebate: Pay before April 30th each year to avail a 5% rebate on the property tax amount.
Concessions: Properties that meet specific criteria are eligible for tax deductions:
10% deduction for properties 25 years or younger.
20% deduction for properties 25-40 years old.
40% deduction for properties older than 40 years.
How to File GVMC Property Tax Alteration
If there are changes in your property details, such as name corrections or tax category changes, you can alter your tax application.
Steps for Alteration:
Visit the GVMC website.
Click on "Online Services" and select "Property Tax."
Choose "File Your Addition/Alteration" and provide your assessment number.
Submit the required changes for processing.
Zones of GVMC
GVMC divides the city into eight zones, each responsible for local development. These zones help the corporation manage the city more effectively and attend to the specific needs of residents in different areas.
Conclusion
Paying GVMC property tax on time is essential for maintaining the city’s infrastructure and services. With online and offline payment options available, residents of Visakhapatnam can easily manage their property tax payments. By staying informed and utilizing available resources, property owners can ensure compliance and contribute to the city's ongoing development.
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