Calculation of Property Tax

Calculation of Property Tax : For Triennial Revision of Assessment

A. As per Under Section 73(a) of Cantonments Act 2006:

Annual Rateable Value (A.R.V) = (Building Value + Land Value)/20 (Decided by CEO & PCB) 

Calculation of Property Tax

House Tax (Residential) = 15% of ARV

House Tax (Commercial) = 17% of ARV

B. As per Under Section 73(b) of Cantonments Act 2006: 

Assessment is fixed by increasing by a certain percentage on past final A.R.V.

Calculation of Property Tax

House Tax (Residential) = 15%

House Tax (Commercial) = 17%