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CDA Decides to Increase Property Tax across the Capital Territory

CDA Decides to Increase Property Tax across the Capital Territory

Islamabad: To improve revenue collection, the Capital Development Authority (CDA) has announced a rise in property tax rates, extending its coverage to include the whole Islamabad Capital Territory (ICT).

Also Read: CDA to Launch Rs2bn Project to Reforest Margalla Hills

The revamped scheme would provide a 10% property tax exemption to government employees as well as employees of private organizations registered with the Employees’ Old-Age Benefits Institution (EOBI). Those who pay their dues by September 30 of each year will also be eligible for this concession. 
Government hospitals, schools, libraries, and federal and provincial government offices are just a few of the organizations that won't pay property taxes. Semi-government institutions, however, will not be eligible for these exemptions.

The CDA would impose property taxes in several areas, such as E-11, model towns, and the PHA Kurri Housing plan. The amount of the tax will depend on the size of the plot and range from PKR 24,000 to PKR 200,000 annually. Similar to this, depending on the size of the land, property taxes in places like Park Enclave can range from PKR 25,000 to PKR 227,000 annually. 

Houses in the Defence Housing Authority (DHA), Bahria Enclave, and Bahria Town will also be subject to property tax; the annual fee will depend on the size of the house and range from PKR 27,000 to PKR 298,000. Other locations will have different property tax rates, with minimum and maximum tax amounts set appropriately. These areas include Gulberg, Naval Anchorage, D series, G series, F series, and I series. 

 

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