Property tax: Will MCC clarify on depreciation in value of house?
Voice of The Reader

Property tax: Will MCC clarify on depreciation in value of house?

April 20, 2019

Sir,

I own an independent house in Mysuru and have been regularly paying property taxes for the last 7 years. Every time I go to the Mysuru City Corporation (MCC) Ward Office to pay taxes, I am required to go to a “helper” who fills out the required forms in a hurry by copying the entries from the previous year’s form for a small fee and sends me to other counters for verification and payment of taxes.

In these seven years, I have never found any entry with regard to depreciation in the value of the house, with the result that many times I end up paying higher taxes than the previous years.

I have not got a satisfactory answer from the “helper” at the Revenue Office for my question relating to “depreciation.” Could some one enlighten me as to what the real deal is with regard to the depreciation?

Is depreciation allowed by law and, if so, why is it not factored in the calculations? Or is it built-in into the procedure and, if so, where is it shown on the form? In case it is illegitimately suppressed, how can I get it remedied?

Isn’t it high time that the Mysuru City Corporation computerise the entire procedure for paying property tax online so the hassle of waiting in line for hours together to pay the taxes and errors / omissions in filling the forms can be avoided? Won’t it be a boon for super senior citizens like me as well as busy office-goers?

When Bengaluru City Corporation has already implemented e-filing of property taxes, why is MCC so tardy in implementing it in Mysuru? Would the MCC Commissioner care to answer the question?

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– K.S. Ramesh, Century Park Layout, Nazarbad, 17.4.2019

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ONE COMMENT ON THIS POST To “Property tax: Will MCC clarify on depreciation in value of house?”

  1. partha says:

    Ideally MCC should have published this book and made available this information free of cost to the public but not able to get the book even the ward office helpers refer to some printout.
    I was able to gather this data below based on online information available for mandya, the depreciation factor seems to match with my previous years of tax payment and seems to be constant across karnataka. You can verify this against your previous tax paid forms.

    You will always see the depreciation calculation in the “savakali dar” column.

    I am also looking for cost of construction reference for property but could find anything. If anyone finds this info please share.
    RCC-Grnt-Tk – 500.0 (RCC Granite)
    RCC-Mrbl-Tk – 450.0 (RCC Marble)
    RCC-Mos-Tk – 460.0/430 (RCC Mosaic)
    RCC-Mos-Hn – 410
    RCC-RO-OW – 410 (Red Oxide)
    RCC-Mos-HnD-SW – 390
    ACSh-RO – 350.0 (Sheet Red Oxide)
    RCC-RO-Hn – 350
    RCC-RO-Jg – 340

    Depreciation Factor:
    79 years old, depreciation factor: 0.45284
    78 years old, depreciation factor: 0.45284
    77 years old, depreciation factor: 0.45284
    76 years old, depreciation factor: 0.45284
    75 years old, depreciation factor: 0.45284
    74 years old, depreciation factor: 0.45284
    73 years old, depreciation factor: 0.44732
    72 years old, depreciation factor: 0.44173
    71 years old, depreciation factor: 0.43609
    70 years old, depreciation factor: 0.4304
    69 years old, depreciation factor: 0.42464
    68 years old, depreciation factor: 0.41883
    67 years old, depreciation factor: 0.41296
    66 years old, depreciation factor: 0.40703
    65 years old, depreciation factor: 0.40104
    64 years old, depreciation factor: 0.39499
    63 years old, depreciation factor: 0.38888
    62 years old, depreciation factor: 0.38271
    61 years old, depreciation factor: 0.37647
    60 years old, depreciation factor: 0.37018
    59 years old, depreciation factor: 0.36381
    58 years old, depreciation factor: 0.35739
    57 years old, depreciation factor: 0.3509
    56 years old, depreciation factor: 0.34434
    55 years old, depreciation factor: 0.33772
    54 years old, depreciation factor: 0.33103
    53 years old, depreciation factor: 0.32427
    52 years old, depreciation factor: 0.31745
    51 years old, depreciation factor: 0.31055
    50 years old, depreciation factor: 0.30359
    49 years old, depreciation factor: 0.29655
    48 years old, depreciation factor: 0.28945
    47 years old, depreciation factor: 0.28227
    46 years old, depreciation factor: 0.27502
    45 years old, depreciation factor: 0.2677
    44 years old, depreciation factor: 0.2603
    43 years old, depreciation factor: 0.25283
    42 years old, depreciation factor: 0.24528
    41 years old, depreciation factor: 0.23766
    40 years old, depreciation factor: 0.22996
    39 years old, depreciation factor: 0.22218
    38 years old, depreciation factor: 0.21432
    37 years old, depreciation factor: 0.20639
    36 years old, depreciation factor: 0.19837
    35 years old, depreciation factor: 0.19027
    34 years old, depreciation factor: 0.18209
    33 years old, depreciation factor: 0.17383
    32 years old, depreciation factor: 0.16549
    31 years old, depreciation factor: 0.15706
    30 years old, depreciation factor: 0.14854
    29 years old, depreciation factor: 0.13994
    28 years old, depreciation factor: 0.13125
    27 years old, depreciation factor: 0.12248
    26 years old, depreciation factor: 0.11361
    25 years old, depreciation factor: 0.10466
    24 years old, depreciation factor: 0.09562
    23 years old, depreciation factor: 0.08648
    22 years old, depreciation factor: 0.07725
    21 years old, depreciation factor: 0.06973
    20 years old, depreciation factor: 0.05852
    19 years old, depreciation factor: 0.04901
    18 years old, depreciation factor: 0.0394
    17 years old, depreciation factor: 0.0297
    16 years old, depreciation factor: 0.0199
    15 years old, depreciation factor: 0.01
    14 years old, depreciation factor: 0.0
    13 years old, depreciation factor: 0.0
    12 years old, depreciation factor: 0.0
    11 years old, depreciation factor: 0.0
    10 years old, depreciation factor: 0.0
    09 years old, depreciation factor: 0.0
    08 years old, depreciation factor: 0.0
    07 years old, depreciation factor: 0.0
    06 years old, depreciation factor: 0.0
    05 years old, depreciation factor: 0.0
    04 years old, depreciation factor: 0.0
    03 years old, depreciation factor: 0.0
    02 years old, depreciation factor: 0.0
    01 years old, depreciation factor: 0.0
    00 years old, depreciation factor: 0.0

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