Question

What is the rate of property tax in Mumbai​

Answer 1

Property tax = Tax rate * Capital Value

explanation:

Where capital value = Rate of base value^* Total carpet area/area of land in case of vacant land * building type * age factor * usage factor * floor factor.

Answer 2

Answer:

Property tax = Tax rate * Capital Value

Where capital value = Rate of base value^* Total carpet area/area of land in case of vacant land * building type * age factor * usage factor * floor factor