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.)
(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) )