basis-of-property-tax-calculation

Method of calculating property tax-

a) Property Tax is calculated according to Annual renting Value of Covered area.
b) Calculation of property tax is carried out as laid down under section 73(a) and 73(b) of Cantonment Act 2006.
c) One- twentieth of the sum obtained by adding the estimated present cost of erecting the building to the estimated value of land a pertaining thereto, in case of Hotels, Schools Factories Hospitals etc.

House Tax Slab is as under:-
1. For ARV Upto Rs. 250/- house tax per annum is 10% of ARV
2. For ARV exceeding Rs. 250/- upto Rs. 500 house tax per annum is 11 % of ARV.
3. For ARV exceeding Rs. 500/- upto Rs. 1000 house tax per annum is 12 % of ARV.
4. For ARV exceeding Rs. 1000/- upto Rs. 2000 house tax per annum is 13 % of ARV.
5.For ARV exceeding Rs. 2000/- upto Rs. 3500 house tax per annum is 14 % of ARV.
6.For ARV exceeding Rs. 3500/- upto Rs. 5000 house tax per annum is 15 % of ARV.
7. For ARV exceeding Rs. 5000/- upto Rs. 10000 house tax per annum is 16 % of ARV.
8. For ARV is Above Rs 10,000/- house tax per annum is 17% of ARV.

Water Tax :-

1.  7.5% of ARV