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
Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
How does someone find their property tax? Is it according to square feet?
Manisha
6.1k Views
1
3 Year
2022-04-18T11:07:18+00:00 2022-04-19T17:03:31+00:00Comment
Share