Property Tax Exemption: Five Marlas
Property Tax is exempt on a five marla residential house not falling in category A. A five marla house will attract payment of property tax if it has Gross Annual Rental Value of Rs 5000/- or more and the house is situated in a locality where category A has been applied. The category A mentioned is the category of valuation table and has a rate of Rs 15 per square foot per month. The rate of Rs 15 per square foot means the rentablility of these houses make them capable of fetching a rent @ Rs 15 per square foot per month.
Is five marla exemption for self-occupied houses?
No; it is both for rented and self-occupied houses. You do not have to pay property tax even if you have let out a residential house measuring up to five marlas in size.
Is this exemption available for 10 marla house owned by two persons?
No; this is not the case. Property tax is on property not on persons or owners of the property. It is the property which attracts property tax. Two persons owning a 10 marla house are co-owners of a house measuring more than five marlas and are not entitled to exemption from payment of property tax.