The tax is payable by the owner of that commercial building. How much am I supposed to pay?

AN ILLUSTRATION ON ASSESSMENT OF PROPERTY TAX

    If a building earns Shs100,000 per month

    Annual Income

100,000 X 12 = 1, 200, 000

Reduce by 22% meant for maintenance of the commercial building

1,200,000

1,200,000 X 22% = 264,000

936,000/= Ratable value

Tax at e.g. 8%

936,000 X 8% = 74,800/=

Compare the tax of shs74, 800 that is deducted from Shs1, 200,000 generated by the owner of the building in a year.