Islamabad: As per the latest updates, the Capital Development Authority (CDA) has recently introduced a new property tax system in Islamabad to increase revenue. As per this system, employees of private firms registered with the Employees’ Old-Age Benefits Institution (EOBI) are allowed a 10% tax concession on their properties, along with government employees. It is pertinent to mention that this concession applies to those who clear their dues by September 30 each year.
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As per the sources, below are the firms that are relieved from this property tax system:
- Libraries
- Government hospital
- Educational institutions
- Federal and provincial government offices
Below are the details of minimum to maximum property tax rates in different areas and societies:
Areas/Societies | Minimum Property Tax Rate | Maximum Property Tax Rate |
Sector E-11 |
PKR 24,000 on 140-yard plots |
PKR 200,000 on 4,000-yard plots |
Model Towns | ||
PHA Kurri Housing scheme | ||
Park Enclave | PKR 25,000 for 140-yard houses | PKR 227,000 for 2,000-yard plots |
Defence Housing Authority (DHA) |
PKR. 27,000 for 5 Marla plots |
PKR. 298,000 for 6 Kanal plots |
Bahria Enclave | ||
Bahria Town |
Furthermore, areas like Gulberg, Naval Anchorage, D series, G series, F series, and I series in Islamabad will have different minimum to maximum property tax rates.
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