Calculation of Property Tax

For Triennial Revision of Assessment

1. Previous Annual Rental Value increased by 10% to 25% = Annual Rental Value (ARV)

              ARV x 23.5%             =          Property Tax per year

              23.5 % is the cumulative tax percentage of House Tax (13.5%) and Water Tax (10%)

2. Monthly Rent x 10     =          Annual Rental Value (ARV)

             (Converting monthly Rent to Annual Value by taking 10 months instead of 12 as       common value)

             ARV x 23.5%   = Property Tax per year

              23.5 % is the cumulative tax percentage of House Tax (13.5%) and Water Tax (10%)

3. New constructed building

              (Building Value + Land Value)/20  =  Annual Rental Value (ARV)

             ARV x 23.5%   =  Property Tax per year

             23.5 % is the cumulative tax percentage of House Tax (13.5%) and Water Tax (10%)