After buying a home, annual property tax (house tax) is an ongoing cost paid to municipal corporation or local body. Rates depend on city, zone, built-up area, age of building and usage (self-occupied vs rented).
How property tax is usually calculated
- Unit area value systems (common in many cities)
- Based on carpet/built-up area × rate per sq ft × factors
- Rebates for women owners, early payment or green buildings in some cities
Why estimate before buying
₹15,000/year vs ₹45,000/year property tax changes true cost of ownership in Rent vs Buy comparison. Society maintenance is separate from government property tax.
Use Master Calc Property Tax Calculator for planning. Budget purchase costs with Stamp Duty Calculator.
Disclaimer: Municipal rules differ. Verify with local corporation.