Property Tax Calculation Mechanism Modified in Abbottabad
According to media sources, the Cantonment Board of Abbottabad (CBA) has altered the property tax calculation mechanism. Additionally, the authorities found 7,000 residential and business units that were previously outside the tax net.
According to records, there were 2,500 residential properties assessed earlier. Wah Cantonment and Abbottabad Cantonment were identified as model cantonments for implementing streamlined property tax.
The chief executive officer acknowledged there were discrepancies in the property taxes of same sized homes. According to the specifics, the mismatch led to an annual loss of PKR 39.2 million. Last year, the average property tax received by the board climbed from PKR 65 million to PKR 104 million, she said.
In addition, CBA’s CEO Ammara Ammar noted that a tax calculator has been released and would be accessible on the organization’s website. For the convenience of the citizens, the authority is striving to implement an electronic billing system.
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