Formula for property tax on open land

Formula for property tax on open land

Calculate Tax of Open Land in City | Land Tax Calculation in City | Formula to Calculate Open Land Tax Per Year 



FORMULA :

CV= BV x UC x FSI x AL

PROPERTY tax on open land would he computed on the basis of a formula involving calculations of base value, user category, area of land, and floor space index. The formula is CV= BV x UC x FS1 x AL. In the formula. CV is Capital Value. BV is Base Value of open land according to ready reckoner. UC is User Category. FSI is floor space index, and AI. is Area of Land.