| Islamabad: The Capital Development Authority (CDA) has announced an increase in property tax rates, extending its coverage to encompass the entire Islamabad Capital Territory (ICT) to bolster revenue collection, according to a news source on March 16.
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Under the revised system, employees of private organisations registered with the Employees’ Old-Age Benefits Institution (EOBI), alongside government employees, will receive a 10% concession on their property tax. This concession will also be extended to those who pay their dues by September 30 each year.
Certain entities such as government hospitals, educational institutions, libraries, and federal and provincial government offices will be exempt from property tax. However, semi-government institutions will not qualify for such exemptions.
In various sectors including E-11, model towns, and PHA Kurri Housing scheme, the CDA will levy property tax ranging from PKR 24,000 to PKR 200,000 annually based on the size of the plot. Similarly, in areas like Park Enclave, property tax will range from PKR 25,000 to PKR 227,000 per year, depending on plot size.
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Property tax will also apply to houses located in Defence Housing Authority (DHA), Bahria Enclave, and Bahria Town, with rates ranging from PKR 27,000 to PKR 298,000 annually based on house size. In other areas such as Gulberg, Naval Anchorage, D series, G series, F series, and I series, property tax rates will vary, with minimum and maximum tax amounts specified accordingly. |
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