Sunday, April 6, 2025

Punjab Govt to Implement New Property Tax on Houses

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The Punjab government has decided to introduce a property tax on residential houses across the province, a move that may add to the financial strain on residents, according to sources.

The Punjab Excise and Taxation Department has been instructed to compile a comprehensive record of all houses by next month.

The new tax will apply to houses measuring 5 marlas or more, with the rates determined based on the property’s value. Properties valued above Rs 5 million will fall under this new tax bracket.

Additionally, the Punjab cabinet’s standing committee recently approved a garbage tax to be imposed on both residential and commercial properties in rural and urban areas.

In rural areas, a 5 marla house will be taxed Rs 20 per month, while in urban areas, the same size house will face a tax of Rs 300. The tax rates increase for larger properties and commercial establishments, pending final cabinet approval.


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