Latest Answer: HI Aniket,
You can also calculate it by Manual calculation of property tax: If you are keen on calculating the property tax amount manually, then you can make use of the following formula:
Capital value = Base value x Built-up area x Use category x Type of building x Age factor x Floor factor
Property Tax = Capital value Rate of tax
As mentioned above, the capital value of the property can be found by referring the ready reckoner that is used to calculate stamp duty by the revenue department. The form with the details is available on the PMC website.
