Property Tax Calculation

1. FOR TRIENNIAL REVISION OF ASSESSMENT


 ARV is fixed by increasing minimum @

  10-20% – for residential properties

  20-30% – for residential rented properties

  30-40% for Commercial properties

  40-50% Commercial rented properties

  50% and above- for the properties having additional construction over the ALV previously fixed T.A.

 2. CALCULATION OF PROPERTY TAX:


Property Tax  = (ALV)  X 5 /100 X 17.5

17.5 % = (12.5 % House Tax + 5 % Water Tax)