Half yearly Property Tax for any property is calculated as percentage of annual rental value as per table given below
:
|
Grade |
Annual Value |
Half Year Tax (as % of A.V) |
|
I |
Up to Rs. 500 /- |
6.63% |
|
II |
Rs. 501.00 to 1000.00 |
9.93% |
|
III |
Rs. 1001.00 to 5000.00 |
11.03% |
|
IV |
Rs. 5001.00 & Above |
12.40% |