Basis-of-property-tax-calculation
Calculation of Property Tax:
For Triennial Revision of Assessment
A. As per Sec. 73(a) of The Cantonments Act, 2006)
( Building Value + Land Value ) / 20 = Annual Rental Value (A.R.V)
Property Tax = House Tax 10% of ARV + Water Tax 10% of ARV + Scavenging Tax as Per Schedule (Min Rs 5 & Max Rs 400 )
For newly Constructed / Renovated building :-
- Covered area in (Sqmt ) X Plinth Area Rates ( Decided by the Board )
Assessment fixed on historical method by increasing in the existing ARV @
A. For Residential properties – 15%
B. For commercial properties – 25%”
