Property Tax Exemptions
The following properties are exempt from payment of property tax:1. Properties of the Federal Government;
2. Properties of the Punjab Government;
3. Properties of a local government in Punjab;
4. Commercial properties with an annual value of less than Rs 1,080;
5. Owner-occupied residential properties with an annual value of less than Rs 1,620;
6. Properties used exclusively for educational purposes, including schools, boarding houses and hostels of the Government;
7. Properties like public parks, playgrounds and libraries;
8. Properties used exclusively for public worship or public charity, including mosques, temples, churches, dharamsalas, gurdwaras, etc;
9. Widow-owned properties with an annual value less than or equal to Rs 48,600;
10. Minor-orphan owned properties with an annual value less than or equal to 48,600;
11. One residential house of up to one kanal owned and occupied for his residence by a retired public servant:
12. Residential houses of up to five marlas in notified Katchi Abadis;
13. Residential houses with an annual value of more than Rs 5,000 in Category A areas.
Property tax is assessed for these properties, but is not collected.
