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How To Calculate The Taxable Amount Of Property Tax?
According to the original value of the real estate (assessed value), the annual taxable amount of the property tax = the original value of the property (valuation value) x (1 - 30%) x 1.2% is calculated on the basis of the rental income. The annual taxable amount of the property tax shall be the annual rent income 12% (from January 1, 2001, the residential rent rate of the individual is rented at the market price, and the tax rate is reduced to 4%). The annual taxable amount of the property tax shall be assessed by the tax authority as the tax basis: = the valuation of the tax authority x 1.2%
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