Basis of Property Tax Calculation

BASIS OF PROPERTY TAX CALCULATION


Property tax for Residential Buildings

Annual Rateable Value = Covered area (per room in Sq. Ft.) * Rental Value * 12

Property Tax = ARV * 10%

Note :- 1. Rental value depends on distance from the road & types of house.

  1. Types of house i.e. Kaccha/Pucca/Tiles/Marble/RCC roof

Property tax for Commercial Buildings


Annual Rateable Value = Total land value + Constructed Area Value / 20

Property Tax = ARV * 10%

                                                                   OR

 

Property tax for Commercial Buildings (If building is on rent)

Annual Rateable Value = Rental Value * 12

Property Tax = ARV * 10%