House property tax
This query is : Resolved
Guest
Guest
(Querist)
22 September 2012
What is mean by expected rent in house property tax and how do we calculate gross annual value of a house if standard rent is1,20,000
and municipal value 75,000 .please try to me your best explaination to me. thankyou in advance.
and municipal value 75,000 .please try to me your best explaination to me. thankyou in advance.
Amol S Joglekar
(Expert)
22 September 2012
Normally, the municipal committee/ corporation gives area wise rent of property. While a certain % is charges as property tax. This rent can be treated as municipal value. It differs for self occupied, rented, commercial, housing society, apartment etc.
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