The Capital Development Authority (CDA) has rolled out a revamped property tax structure covering the entire Islamabad Capital Territory (ICT) in a bid to enhance revenue generation.
In a departure from past norms, the CDA has expanded property tax regulations to encompass all areas within the territory, implementing a uniform flat rate for the first time.
Under the updated scheme, employees of private organizations registered with the EOBI are eligible for a 10% tax concession on their properties, similar to government employees. This concession applies to those who settle their dues by September 30 annually.
Certain entities such as government hospitals, educational institutions, libraries, and federal and provincial government offices are exempt from property tax. However, semi-government institutions do not qualify for this exemption.
For properties located in specific areas like Sector E-11, model towns, and PHA Kurri Housing scheme, property tax rates will range from Rs24,000 per year for houses on 140-yard plots to Rs200,000 for 4,000-yard plots. Similarly, in Park Enclave, taxes will range from Rs25,000 for 140-yard houses to Rs227,000 for 2,000-yard properties.
Moreover, property tax will now extend to areas such as Defence Housing Authority (DHA), Bahria Enclave, and Bahria Town. For instance, a five-marla house in these regions will incur an annual tax of Rs27,000, while a six-kanal house will face a tax of Rs298,000.
In specific localities like Gulberg and Naval Anchorage, property tax will vary from a minimum of Rs20,000 to a maximum of Rs170,000. Taxes in designated series like D, G, F, and I will also vary accordingly, with F series properties bearing the highest tax ranging from Rs35,000 to Rs1.2 million annually, depending on the property’s size and location.
Overall, the CDA’s new property tax system aims to streamline revenue collection while offering certain concessions and exemptions to different segments of property owners.