ISLAMABAD: The Capital Development Authority (CDA), while increasing rates of property tax, expanded it to the whole Islamabad Capital Territory (ICT) in order to increase revenue collection.
Previously, the CDA used to receive property tax from owners of commercial and residential buildings in sectors only. However, for the first time, a flat rate of property tax has been introduced.
The employees of private organisations registered with the EOBI, like the government employees, would also get 10 per cent concession on the tax, while same concession would also be given on payment dues by September 30 every year.
All government hospital, educational institutions and libraries and offices of federal and provincial governments would be exempted from tax. However, buildings of semi-government institutions would not get any exemption.
In Sector E-11, model towns and PHA Kurri Housing scheme, the CDA would imposed Rs24,000 per year tax on houses constructed on 140 yards plots, while the tax would increase to Rs200,000 on houses constructed on plot measuring 4,000 yards.
Similarly, the CDA would receive Rs25,000 tax on house measuring 140 yards, which would increase to Rs227,000 per year on houses constructed on plot size of 2000 yards in Park Enclave.
The civic body has also imposed property tax on houses located in Defence Housing Authority (DHA), Bahria Enclave and Bahria Town where tax on five-marla house would be Rs27,000 per year and Rs298,000 on six-kanal houses.
The minimum tax for houses in Gulberg and Naval Anchorage would be Rs20,000 and maximum Rs170,000. For D series, tax would range from Rs27,000 to Rs246,000, for G series, minimum property tax is Rs28,000 and maximum Rs249,000, for F series, property tax would range from Rs35,000 to Rs1.2 million, and for I series, minimum tax is Rs25,000 and maximum Rs271,000.
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