What is property tax and how to calculate it?
Property tax in India is a levy paid to local authorities for property ownership, with calculations varying by state. Authorities assess properties based on location, occupancy, type, amenities, construction, and area. Common calculation methods include the Capital Value System, Unit Area Value System, and Annual Rental Value System, each using different property valuation approaches.
Property tax in India is a levy paid to local authorities for property ownership, with calculations varying by state. Authorities assess properties based on location, occupancy, type, amenities, construction, and area. Common calculation methods include the Capital Value System, Unit Area Value System, and Annual Rental Value System, each using different property valuation approaches.
