Property Tax in Pakistan
Property Tax in Pakistan is a local tax on properties. A local tax is a tax that falls in jurisdiction of a local government as against federal and provincial taxes which fall in jurisdiction of the federal and provincial governments respectively. All the four provinces have their legislation on the property tax assessment and collection. The laws are:
These laws are similar in nature and mechanism for assessment and collection of Property Tax. Hence, if you are good at understanding and using tax payment system in a province, you can easily translate your knowldge for use in other provinces.
Property tax is calculated on the value of a property; the value in turn is assessed value of the property, not market value.
Property Tax in Pakistan is a local tax, but it is not assessed and collected by the local government. Four provincial governments collect this tax for local governments. They get collection charges of 15% and give the rest of collection (85%) to their local governments in ratio of tax collected from the geographical areas under the local governments.
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How to use Property Tax Calculator
What are the property tax rates in Punjab, Pakistan
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- The Punjab Urban Immovable Property Tax Act 1958;
- The Sindh Urban Immovable Property Tax Act 1958;
- The Khyber-Pakhtunkhwa Urban Immovable Property Tax Act 1958; and
- The Balochistan Urban Immovable Property Tax Act 1958.
These laws are similar in nature and mechanism for assessment and collection of Property Tax. Hence, if you are good at understanding and using tax payment system in a province, you can easily translate your knowldge for use in other provinces.
Property tax is calculated on the value of a property; the value in turn is assessed value of the property, not market value.
Property Tax in Pakistan is a local tax, but it is not assessed and collected by the local government. Four provincial governments collect this tax for local governments. They get collection charges of 15% and give the rest of collection (85%) to their local governments in ratio of tax collected from the geographical areas under the local governments.
You may also like to read:
How to use Property Tax Calculator
What are the property tax rates in Punjab, Pakistan
What is PT1?