Calulator Property Tax
Property Tax Calulator
Your Property Tax is :
Explanation of Calculation of Property Tax
Let’s understand property tax with an example of a self occupied pucca house property of 100 square meters in category B area constructed in the year 1985. How much property tax is to be paid?
Unit area value in Category B = Rs. 500 per sq meter
Unit area = 100 sq mtr.
Age factor= 0.6
Use factor= 1
Structure factor= 1.0
Occupancy factor= 1.0
Annual Value = 500 * 100 * 0.6 * 1.0 * 1.0 * 1.0 = Rs. 30,000
Property tax = Annual value * Rate of tax (as mentioned above in category B tax rate)
= 30,000 * 12% = Rs. 3,600
Note This Example is based on the Values MCD guide line for online Computation of MCD Property Tax and similarly it will be for other States or Countries.
= 30,000 * 12% = Rs. 3,600
Note This Example is based on the Values MCD guide line for online Computation of MCD Property Tax and similarly it will be for other States or Countries.
👉Click To Understand Property Tax More
Post a Comment
0 Comments