Property Tax Management
PROPERTY TAX COLLECTION SOLUTION
A streamlined Property Tax Management solution tailored for your business needs.
The Municipal Corporation serves as the primary body responsible for urban governance. To enhance the efficiency and effectiveness of its IT operations, improving service levels and technical expertise is essential for streamlined processes and cost optimization.
Property tax is a significant revenue source for the Corporation, funding essential public services such as road maintenance, street lighting, water supply, and waste management for citizens. The key functions of the Assessor and Collector departments include property assessment, tax levy, and tax collection, ensuring the smooth administration of property tax operations.
Capital value system
- Capital value refers to the current market value of a property or land.
- Property valuation is determined based on the rates provided in the Ready Reckoner, which includes both land and building rates.
- The Ready Reckoner specifies per square meter rates for different areas and is periodically updated for a fixed duration.
Ratable value system
- The Ratable Value is determined by calculating the potential rental income of a property, minus specific deductions.
- For rented properties, the actual rental income serves as the basis for calculating the Ratable Value.
- For owner-occupied properties, the rental value is estimated using the Residential Letting Rate (RLR) method, which assesses the property’s rent-earning potential.
AdviTech's Solution
A comprehensive web-based system was developed in collaboration with VIPL to manage various aspects of property tax administration. It handles tasks such as inward processing, property assessment, demand generation, amendments to property records, and revised demand creation based on those amendments. The system also manages property tax collection, non-demand fees like schedule fees, receipt and refund generation, property surveys, historical property records, and property linking. Additionally, it includes an online payment gateway, penalty imposition, a citizen complaint redressal system, court case tracking, and the generation of notices and letters. It supports integration with third-party software and offers a mobile interface for tasks such as property measurement, inspections, and real-time property data access.
Benefits
- Minimizes manual intervention, reducing the risk of errors.
- Enhances transparency and control with detailed real-time reporting.
- Ensures accurate and consistent data through automated processes.
- Supports form and report labels in multiple languages.
Functional Features
The system includes built-in checks and automated auditing features with efficient alert management for enhanced accuracy. It also offers the capability to store scanned copies of property tax assessment documents, each assigned a unique file identification number, with easy document retrieval. While form and report labels are multilingual, data entry and reporting are conducted in English.
- Application Administration
- Web-Based Capital Value Management
- Property Assessment and Reassessment
- Demand Generation
- Payment Collection
- Refund Processing
- Property Tax Recovery
- Complaint Resolution System
- Court Case Management
- Penalty Management
- Vigilance Monitoring
- Portal Services
- Integration with Third-Party Tools/Applications (e.g., SAP, GIS, etc.)
- Management Information System (MIS) and Reporting
