What is the Property Tax Survey?
The Property Tax Survey is in fact a reassessment of property tax. The government of Punjab normally carries out the survey for the purpose of increasing tax collection from property taxpayers every five years. However, the current Property Tax Survey is being carried out after a lapse of about ten years.The increase in tax collection resulting from the Property Tax Survey is generally due to the following:
1. Increased rent of properties fetched by their owners;
2. Construction of new properties in new colonies and other areas;
3. Commercialization of properties;
4. Changes in size and use of properties.
Who carries out the Property Tax Survey?
The Property Tax Survey is carried out by the Excise and Taxation Department of the government of Punjab.How is the Property Tax Survey carried out?
Inspectors from the Excise and Taxation Department go door-to-door to collect information on the size, nature of use, and ownership of properties. The collected information is compiled in Survey Registers. The Survey Registers so created are the basis of the PT1 Register. In turn, the PT1 Register provides the basis for a PT-8 Register, which is the demand and collection register of property tax.The inspectors from the Excise and Taxation Department mark properties with numbers which are used for identification of properties and tax liability thereon. These numbers are invariant (they do not change, in general), and are analogous to the NTN number in the case of income tax.
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