Property Tax Estimate
⚠️ Floor multipliers are estimated adjustment factors.
⚠️ Depreciation values are estimated based on typical municipal practices.
*Enter official Govt Ready Reckoner rate for land.
DISCLAIMER: This calculator provides estimates based on NMMC property tax methodology.
✅ Verified Official Data: Tax percentages (38.67% residential, 68.33% commercial/industrial), statutory 10% deduction, and vacant land rate (0.50%).
⚠️ Estimated Values: MLR base rates for zones G1-G4, floor location multipliers, and age-based depreciation percentages are estimates that should be verified with NMMC for your specific property.
Actual bills may vary due to arrears, exemptions, special assessments, or updated rates. For official assessment, please visit NMMC Property Tax Department or use the official NMMC portal.
2025-26 NMMC Tax Rate Card (Official)
📊 Stamp Duty Charges FY 2025-26 (Official)
Stamp Duty in Navi Mumbai (NMMC & Panvel) is governed by the Maharashtra Stamp Act. Unlike recurring property taxes, this is a one-time levy calculated on the Higher Value between your Agreement Value (Sale Price) and the Government Ready Reckoner Rate.
🧮 How to Use This Calculator
- Select Property Category: Choose Residential, Commercial, or Industrial at the top. The tool automatically adjusts the tax rates and logic based on your selection.
- For Residential Properties:
- Select Node: Your location (e.g., Vashi, Ghansoli) determines the Base Rate.
- Building Type: Choose if it’s a Flat, Bungalow, or Chawl.
- Floor & Age: Select your floor number and building age for applicable statutory multipliers and depreciation.
- For Commercial & Industrial:
- Property Sub-Type: Select whether it is a Constructed Property (Shop/Office/Shed) or a Vacant Plot.
- Constructed: Enter the Carpet Area. The tool uses the official commercial rateable value formula.
- Vacant Plots: Enter the Plot Area (sq.m) and the official Government Ready Reckoner Rate to calculate the Land Tax (0.50% of Capital Value).
- Enter Area: Type your area. The tool converts Sq. Ft. to Sq. Meters automatically for the formula.
3 Ways to Reduce Your Property Tax Bill
Early Bird Discount
Pay your full annual bill before June 30th to get a flat 1% Discount on your total liability.
Go Digital
Pay via the NMMC Web Portal to get 0.5% Cashback and zero convenience fees.
Eco-Rebate
Societies with Composting, Rainwater Harvesting, or Solar power can claim up to 5% rebate.
“My Bill Seems Wrong!” – What to Do?
Step 1: File Objection
Submit a written objection letter within 21 days of receiving the physical bill.
Step 2: Visit NMMC HQ
Go to the Assessor & Collector Dept. at CBD Belapur (Konkan Bhavan).
Step 3: Submit Proof
Carry your Occupancy Certificate (OC) and Registered Agreement copy.
FAQ's
Frequently Asked Questions