Tax on property in Pakistan

In Pakistan, property tax is usually levied by local governments such as municipal corporations or municipal committees. The tax is calculated based on the assessed value of the property, which is determined by the local government's valuation officers.

The assessed value of the property is determined by taking into account several factors such as the size of the property, its location, its use, and the type of construction. Once the assessed value is determined, the tax rate is applied to calculate the amount of property tax due.

The tax rate varies depending on the location and type of property. For example, the tax rate may be higher for commercial properties than for residential properties. In some cases, the tax rate may also depend on the age of the building

Property tax in Pakistan is usually payable on an annual basis, although some local governments may allow for quarterly or bi-annual payments. Failure to pay property tax can result in penalties, fines, or even legal action by the local government.

It is important to note that property tax laws and regulations may vary depending on the local government and jurisdiction in Pakistan. It is advisable to consult with local government officials or a qualified tax professional for specific information on property tax in your area.