Hey friend,
You can calculate property tax by following a simple formula. Details about the same have been mentioned below.
Property Tax (K)= (G-I)*20% + Applicable Cess (Property’s 24%).
Here, G=Gross Unit Area Value= (A+B+C)
I= G*D/100
A= let out area of property*property’s per square ft. rate* 10 months.
B= Self-occupied area of property*property’s per square ft. rate* 10 months.
C= Parking area of property*property’s per square ft. rate* 10 months
To answer your question, yes . Property tax is calculated according to square feet.
Click here to read How to Check Property Tax Paid or Not
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Authors Of The Question
How does someone find their property tax? Is it according to square feet?
Manisha
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1 Answers
2 Year
2022-04-18T11:07:18+00:00 2022-04-19T17:03:31+00:00Comment
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