I). The self occupied residential units be assessed as per formula devised in the light of guidelines circulated vide ML&C Deptt letter quoted above wherein the factors be revised as under: -
|
Cate |
Areas |
|
A |
Defence Officer Colony |
|
B |
Cantt Colony |
|
C |
Old Saddar Bazar |
|
D |
Shah Muhallah, Abbasi Muhallah |
ARV = {(Plot area in Sq Yd – Plinth area in Sq Yd) + Covered area in Sft } x Factor Rate x 100/15
Payable Annual House Tax = 15 % of ARV
II) The rented residential units where actual rent agreements are available be assessed as per Actual Rentals in accordance with Section 64 (b).
i.e ARV = Monthly Rent x 12
Payable Annual House Tax = 15 % of ARV
III) The rented residential units where actual rent agreements are not available or seems to be lower side as compared with market be assessed as per fair Rental value which be calculated as under: -
ARV = {(Plot area in Sq Yd – Plinth area in Sq Yd) + Covered area in Sft } x Factor Ratex 3 x 100/15
Payable Annual House Tax = 15 % of ARV