ISLAMABAD: The Capital Development Authority (CDA) has increased and enlarged the property tax in Islamabad to cover the entire city in an effort to increase income collection, The News reported Saturday.
Previously, the development authority only collected property tax in certain sectors, and a flat property tax rate was implemented for the first time.
The CDA would grant a 10% tax concession to employees of commercial and government firms registered with the Employees’ Old-Age Benefits Institute, as well as the same relief on arrears paid by September 30 of each year.
The authority has exempted public hospitals, educational institutions, libraries, and government organizations, however semi-government organizations must pay the property tax.
Tax criteria:
140 square yard residences in model towns and the PHA Kurri Housing Scheme in Sector E-11 would be required to pay Rs24,000 in annual taxes, while owners of 4,000 square yard houses would be required to pay Rs200,000.
Similarly, owners of 140-yard mansions would have to pay a Rs25,000 tax to the civic authority, while the tax on 2000-square-yard houses in Park Enclave would rise to Rs227,000 each year.
The authority in DHA, Bahria Town, and Bahria Enclave will need an annual tax payment of Rs27,000 on five marla properties and Rs298,000 on six kanal houses.
The lowest and highest taxes on residences in Gulberg and Naval Anchorage would be Rs20,000 and Rs170,000, respectively.
