Property Tax Calcualtions

Municipal Reforms Cell, Directorate of Municipal Administration,

Karnataka

1 Site

  Length Breadth Area  50 32.5 1625

Area of land occupied by the building (Plinth Area) in Sq feet 1000Total Built up area of the building across all floors 2000Plinth factor (Col 4/Col 5) 0.50

Property Sital Area

Basic Guidance valueResidential

Basic Guidance Value for the site in Rs/Sq.ft 200

Additional Guidance Value of 10% (in Rs.) in case of Corner Plot (Column 6*0.10) 0

Total Guidance Value in Rs 200

50% of Guidance Value in Rs. (0.5x Col 8) 100

Guidance value

Rate of Tax for the Property (as per 2005-06)

Residential Commercial Public Indusstry0.35% 0.50% 0.50% 0.50%

Property Tax enhancement Enahancement Year Residential Commercial Public Indusstry2008-09 15% 15% 15% 15%

Rate of Tax

Floor No

Use of Prope

rty

Year of

Constuction

.

*Dep.

factor

Construction Type

Market Value Rs./sq

ft.

50% of Market Value

Built up

AreaOccupancy

Taxable CV of Land

Occupied by

building in Rs.

Taxable Capital Value of

the Building

Total tax for

the floor

2005-06

Total tax for

the floor 2008-09

Total tax for the floor 2011-12

0Residential 2006

0.00000

R C C ,Teak wood door

and window 560 280 1000 Self 25000.00 140000.00 577.50 664.13 763.744

1Residential 2008

0.00000

R C C,Teak,Gran

ite floor 680 340 1000 Self 25000.00 170000.00 682.50 784.88 902.61

Total 1260.00 1449.00 1666.35

Floor Wise Tax Calculation

Property Tax for 2011-12 1666.35Paid within April 30th of the SAS Filling year       Apr   83.32Cess 24% on Property Tax 399.92If tax paid after June 30th, late payment penalty at the rate 2% per month on the amount in Col 10

0.00Paid On Apr 2011-12Total Property Tax Amount payable for 2011-12 1982.96In case of Unlawful Property in place of tax, penalty will be collected which is equal to twice of col 10 + col 12. 3732.62

Total Property Tax

Rate of Tax for the Property increased in 2008-09

Residential Commercial Public Indusstry0.40% 0.50% 0.50% 0.50%

Incorrect Practiced in ULB

Rate of tax in 2005-06

Residential Commercial Public Indusstry

0.35% 0.50% 0.50% 0.50%

Property Tax for 2011-12 1449.00

Paid within April 30th of the SAS Filling year       Apr   72.45Cess 24% on Property Tax 347.76

If tax paid after June 30th, late payment penalty at the rate 2% per month on the amount in Col 10

0.00Paid On Apr 2011-12Total Property Tax Amount payable for 2011-12 1724.31

In case of Unlawful Property in place of tax, penalty will be collected which is equal to twice of col 10 + col 12. 3245.76

Total Property Tax