![]() ![]() ![]() from our database and comparing with similar premises, expected reasonable rent per month, which the property is capable of fetching, is determined. Determination Of Annual Valuation(AV) :Ī) If the property is used by the owner himself, "Reasonable Rental Method" is applied, i.e.(A)Ěnnual Rateable Value (ARV) method of assessment of Property Tax : A brief idea of two different systems for determination of property tax is as follows:. However, if there is any assessment pending for the previous effective quarters with respect to any property, such assessment may be completed under the Annual Rateable Value (ARV) method of assessment that was prevalent prior to final publication of Scheme. From 1st quarter of 2017, all properties within such wards have come under the new system and are required to be reassessed as per provisions of UAA System. Unit Area Assessment (UAA) System for determination of property tax is commenced, at present, for the Ward Number 001 to 141, with the final publication of Scheme in Official Gazette on 1st April, 2017. ![]()
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