Property Tax Survey in Punjab, Pakistan
The government of the Punjab has carried out Property Tax Survey 2013-14 in the province to increase revenue from property tax. The Excise and Taxation Department, Punjab, started survey work in July 2013 and had completed most of it by December 2013. As part of the survey process, the Department began computerization of property tax records in major cities of the Punjab, including Lahore, Rawalpindi, Faisalabad, and Multan.The basic purposes of a property tax survey are to:
1. Record changes in the particulars of properties, e.g., new construction, additions and deletions, etc;
2. Record changes in occupancy of properties, for instance, a change from owner-occupied property to rental property;
3. Record changes in use of property, such as a switch from residential use to commercial use; and
4. Record other changes e.g. ownersip.
When these changes are brough on record, they change your Property Tax Bill. Therefore, you may get a revised bill in the months from January to June 2014. The revised property tax liability will be legal and valid despite there is no change in the property tax rates because of the discussion above i.e. difference in previousely recorded and currently recoreded details of a property.
You may also like to read:
Punjab Pakistan: Property Tax Survey 2013-14
Punjab Pakistan: Property Tax Survey 2013-14, Part 2
