BASIS OF PROPERTY TAX CALCULATION

  Calculation of Property Tax:

For Triennial Revision of Assessment: (as per Sec. 73(a) of The Cantonments Act, 2006)

 

          (1/20) * (Building Value + Land Value)           =          Annual Rental Value (A.R.V)                                     

A.R.V X 16% = Property Tax per year (For properties where water connection is available )

        A.R.V X 14% = Property Tax per year (For properties where water connection is not available )

 

            (16% or 14%  is the cumulative tax percentage of House Tax & Water Tax)

 

ARV is calculated on the basis of increase in the existing A.R.V. by   :        

@ A.R.V X 25% for Commercial Property
@ A.R.V X 20% for Residential Property
@ A.R.V X 15% for Mandi Area (Dudhla Mandi 1 & 2, Himmatpura, S. Mandi, RHA Parade etc.) 

@ Rent per Month X 12 for Rental Property                      

 

 

(House Tax = 9%, Water Tax = 7%   (For properties where water connection is available) )   

(House Tax = 9%, Water Tax = 5%   (For properties where water connection is not available) )