Basic Taxable Components

• Land and building form the core components of property tax.
  
• The built-up area or plinth area is measured for valuation.
  
• Property usage type such as residential, commercial, or industrial is considered.
  
• The age and condition of the building affect the taxable value.
  
• Location and zone classification also influence the core valuation.
  

Valuation Parameters

• Capital value or market value is a common basis in some cities.
  
• Annual rental value is used in regions with rental-based assessment.
  
• Unit area value reflects the per square foot rate assigned to zones.
  
• Zone-wise multipliers adjust values based on property location.
  
• Structure type and floor area ratio (FAR) may also impact the rate.
  

Government-Determined Rates and Multipliers

• Base tax rate per square foot or per unit value is applied.
  
• Multipliers adjust rates for usage type, age, and occupancy.
  
• Amenities such as lifts, parking, and water supply may attract extra charges.
  
• Commercial properties are charged at higher rates than residential.
  
• Unoccupied or self-occupied premises may have different multipliers.
  

Cess, Surcharge, and Other Add-Ons

• Fire cess may be added to support fire safety infrastructure.
  
• Urban development charges may be levied by metropolitan authorities.
  
• Drainage cess or lighting charges can be part of the bill.
  
• Education or sanitation cess may be included in specific regions.
  
• These charges are statutory and vary by local governing body.
  

Rebates and Deductions

• Rebate is provided for early or full-year advance payments.
  
• Concessions are available for senior citizens or women owners in some cities.
  
• Vacant land or unoccupied property may get partial deductions.
  
• Tax-exempt categories such as charitable trusts must apply formally.
  
• Rebate percentages and conditions differ by municipal rules.