new property tax from cda in islamabad

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In an effort to increase revenue collection, the Capital Development Authority (CDA) has announced a major revision to property tax rates for the whole Islamabad Capital Territory (ICT).

Unlike other agencies, the CDA now regulates property taxes over the whole territory instead of simply specific areas. This is the first time that a single flat rate has been applied to property taxes.

Employees of private companies that have registered with the EOBI would get a 10% property tax rebate under the new plan, which is similar to the perks received by government workers. Those who pay their debts before September 30 of each year will be eligible for this concession.

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Government hospitals, schools, libraries, and federal and provincial government offices are just a few of the organizations that won’t be subject to property taxes. Semi-government institutions, however, will not be exempt in the same way.

CDA would impose taxes on homes within designated zones such as Sector E-11, model towns, and the PHA Kurri Housing plan. The annual tax amount for houses on 140-yard plots will be Rs 24,000, while the tax amount for mansions on 4,000-yard plots will be Rs 200,000. In a similar vein, taxes at Park Enclave will vary from Rs25,000 for homes measuring 140 yards to Rs227,000 for homes measuring 2,000 yards.

Notably, Bahria Town, Defence Housing Authority (DHA), and Bahria Enclave will now be subject to property taxes. In these places, the annual tax for a five-marla house is Rs 27,000, whilst the tax for a six-kanal house is Rs 298,000.

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Certain locations, like Gulberg and Naval Anchorage, would have property taxes ranging from Rs20,000 to Rs170,000. Taxes would be different for houses in designated series like D, G, F, and I. The highest tax will be imposed on homes in the F series, which can range from Rs35,000 to Rs1.2 million per year, depending on the property’s location and size.

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Syed Sadat Hussain Shah

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