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CDA Launches New Property Tax System in Islamabad to Boost Revenue

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CDA Launches New Property Tax System in Islamabad to Boost Revenue
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The Capital Development Authority (CDA) has recently implemented a revamped property tax structure across the entire Islamabad

CDA introduces a new property tax system for Islamabad to increase revenue.Government hospitals and educational institutions are exempt from property tax.The Capital Development Authority has recently implemented a revamped property tax structure across the entire Islamabad Capital Territory with the aim of increasing revenue generation.

In a significant departure from previous practices, the CDA has extended property tax regulations to cover all areas within the territory, introducing a uniform flat rate for the first time. Under the updated scheme, employees of private organizations registered with the Employees’ Old-Age Benefits Institution are entitled to a 10% tax concession on their properties, similar to government employees. This concession is applicable to those who clear their dues by September 30 each year. Certain entities such as government hospitals, educational institutions, libraries, and federal and provincial government offices are exempt from property tax. However, semi-government institutions do not qualify for this exemption. For properties situated in specific areas like Sector E-11, model towns, and PHA Kurri Housing scheme, property tax rates will range from Rs24,000 per year for houses on 140-yard plots to Rs200,000 for 4,000-yard plots. Similarly, in Park Enclave, taxes will range from Rs25,000 for 140-yard houses to Rs227,000 for 2,000-yard properties. Furthermore, property tax will now be applicable in areas such as Defence Housing Authority , Bahria Enclave, and Bahria Town. For instance, a five-marla house in these regions will incur an annual tax of Rs27,000, while a six-kanal house will face a tax of Rs298,000.A PIA air hostess was fined in Toronto for flying without her... In specific localities like Gulberg and Naval Anchorage, property tax rates will vary from a minimum of Rs20,000 to a maximum of Rs170,000. Taxes in designated series like D, G, F, and I will also vary accordingly, with F series properties bearing the highest tax ranging from Rs35,000 to Rs1.2 million annually, depending on the property’s size and location. Overall, the CDA’s new property tax system aims to streamline revenue collection while providing certain concessions and exemptions to different segments of property owners.

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