Property Tax Calculation Collector Rate Wise

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/-