Islamabad's CDA introduces new property tax rates, affecting plots, farmhouses, and commercial properties.
Islamabad's CDA has introduced new property tax rates affecting landowners. Plots in sectors measuring 140 sq yds will be taxed Rs24,000, while 8-kanal farmhouses face a Rs180,000 tax. Commercial properties in the blue area have varying rates, with ground floor establishments taxed Rs32 per sq ft, and basement spaces at Rs22 per sq ft. Concerns have been raised regarding the financial impact on smaller stakeholders and farmhouse owners.
March 23, 2024
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