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%