Basis of property tax calculation
1. Formula for calculation of ARV as below :
ARV = Built up area * STR rates * Usage factor(Residential / Commercial) * Age factor
2. Calculation of Property tax as per S.R.O. 202 dated 04-08-1962
Annual letting value of Property Rate
Rs. 1/- to Rs. 200/- 6%
Rs. 201/- to Rs. 1000/- 9.5%
Rs. 1001/- and above 13%
3. Calculation of Water tax as per S.R.O. 21 dated 08-01-1958
8% per annual on annual letting value of buildings.
4. Calculation of Street light tax as per S.R.O. 483 dated 01-12-1951
3% per annual on annual letting value of buildings.
5. Calculation of Conservancy tax as per S.R.O. 565 dated 01-04-1950
- Rs.3/- use of public toilet in sadar bazar area
- Rs.18/- if latrine existing in building(in sadar bazar area)
- Rs.72/- if latrine existing in building(in bungalow area)
- Rates are annual