PROPERTY TAX EXAMPLE - 1 (Residential Building)

  TOTAL PLOT AREA OF A UNIT 200 SQ YD
  COLLECTOR RATE 11400 PER SQ YD
  PLOT VALUE 200X11400 = 22,80,000
  COVERED AREA OF A UNIT 1800 SQ FEET (RCC)
COST OF CONSTRUCTION 500/-SQ FEET
  TOTAL COST OF CONSTRUCTION 1800X500 =9,00,000
  DEPRICIATION ON CONST. COST 10%
  NET COST OF CONSTRUCTION 9,00,000 -90,000 =8,10,000
  TOTAL COST OF BUILDING 22,80,000 + 8,10,000 = 30,90,000
  A.R.V. 30,90,000 X 5% =1,54,500
  PROPERTY TAX 1,54,500 X 0.5% =772.50/-
 

PROPERTY TAX EXAMPLE - 2 (Non-Residential Building)

  TOTAL PLOT AREA OF A UNIT 200 SQ YD
  COLLECTOR RATE 11400 PER SQ YD
  PLOT VALUE 200X11400 = 22,80,000
  COVERED AREA OF A UNIT 1800 SQ FEET (RCC)
COST OF CONSTRUCTION 500/-SQ FEET
  TOTAL COST OF CONSTRUCTION 1800X500 =9,00,000
  DEPRICIATION ON CONST. COST 10%
  NET COST OF CONSTRUCTION 9,00,000 -90,000 =8,10,000
  TOTAL COST OF BUILDING 22,80,000 + 8,10,000 = 30,90,000
  A.R.V. 30,90,000 X 5% =1,54,500
  PROPERTY TAX 1,54,500 X 3% =4,635/-
     
 

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