Property Tax Calcualtions Municipal Reforms Cell, Directorate of Municipal Administration, Karnataka

1Site LengthBreadthArea Area of land occupied by the building (Plinth Area) in Sq feet1000 Total Built up area of the building across all floors2000 Plinth factor (Col 4/Col 5)0.50 Property Sital Area

Basic Guidance value Residenti al Basic Guidance Value for the site in Rs/Sq.ft200 Additional Guidance Value of 10% (in Rs.) in case of Corner Plot (Column 6*0.10)0 Total Guidance Value in Rs200 50% of Guidance Value in Rs. (0.5x Col 8)100 Guidance value

Rate of Tax for the Property (as per ) ResidentialCommercialPublicIndusstry 0.35%0.50% Property Tax enhancement Enahance ment YearResidentialCommercialPublicIndusstry % Rate of Tax

Floo r No Use of Prope rty Year of Const uction. *De p. fact or Constructio n Type Marke t Value Rs./sq ft. 50% of Marke t Value Built up Area Occu pancy Taxable CV of Land Occupie d by building in Rs. Taxable Capital Value of the Building Total tax for the floor Total tax for the floor Total tax for the floor Reside ntial R C C,Teak wood door and window Self Reside ntial R C C,Teak,Gran ite floor Self Total Floor Wise Tax Calculation

Property Tax for Paid within April 30th of the SAS Filling year Apr Cess 24% on Property Tax If tax paid after June 30 th, late payment penalty at the rate 2% per month on the amount in Col Paid OnApr Total Property Tax Amount payable for In case of Unlawful Property in place of tax, penalty will be collected which is equal to twice of col 10 + col Total Property Tax

Rate of Tax for the Property increased in ResidentialCommercialPublicIndusstry 0.40%0.50% Incorrect Practiced in ULB Rate of tax in ResidentialCommercialPublicIndusstry 0.35%0.50%

Property Tax for Paid within April 30th of the SAS Filling year Apr Cess 24% on Property Tax If tax paid after June 30 th, late payment penalty at the rate 2% per month on the amount in Col Paid OnApr Total Property Tax Amount payable for In case of Unlawful Property in place of tax, penalty will be collected which is equal to twice of col 10 + col Total Property Tax