Broadway Estates Lahore: Understanding Property Tax Rates

For every one of us who owns property in Pakistan, the time of the year when property taxes are due is always accompanied by some measure of apprehension. Taxes are often difficult to make head or tail of, and it is more than understandable if you are a little freaked out.

Property taxes are levied on both commercial and residential buildings and land by the provincial governments of Pakistan. The Excise & Taxation (E&T) Departments of the provincial governments release Valuation Tables every year, which provide certain figures based on different measures for each province, and sometimes for different cities within a province. These tables use more or less the same formulae in every province to calculate something called annual value (more on this later) but in different ways, and later on we’ll provide you with links to explore each province’s formulae in detail.

Take a look at the Residential Property Valuation Table released by the E&T Department of the Punjab government for 2014 below for example: Keep reading >>>> at source: Understanding Property Tax Rates in Pakistan - Zameen Blog

Copy of P.T-1

The P.T.1 register is the basic documents in property tax record. In this register the particulars, descriptions, ownership, possessions, use, gross annual rental value, and the annual rental value of the properties are mentioned. Any changes in the property, ownership are incorporated in this register. Any person filing an appeal or revision is required to attach copy of PT-1 along with the appeal or revision. This copy can be obtained on an application written on a plain paper bearing a court fee stamp of PKR.20/-

In order to know the valuation of your property tax, click here.

Calculator

http://www.excise-punjab.gov.pk/

http://www.excise-punjab.gov.pk/downloads/Valuation_Table_New.jpg

http://www.excise-punjab.gov.pk/contact-us.aspx

http://www.excise-punjab.gov.pk/download.html

http://www.excise-punjab.gov.pk/downloads/notifications/notification_of_taxes.pdf

http://www.excise-punjab.gov.pk/downloads/Public%20Information%20Officer.pdf

https://www.facebook.com/excise.punjab.gov.pk

http://www.zameen.com/blog/understanding-property-tax-rates-in-pakistan.html

Excise, Taxation & Narcotics Control Department

Government of the Punjab
2nd Floor, Transport House
11-Egerton Road, Lahore

secyent@punjab.gov.pk

Mr. Rizwan Akram Sherwani
Director Excise and Taxation/
District Officer (Region-A)
2-A, Farid Kot Road Lahore.
(Ph) 042 - 992 11 395
(Fx) 042 - 992 10 274
detlhra@punjab.gov.pk

Mr. Akram Ashraf Gondal
Director Excise and Taxation/
District Officer (Region-B)
19/20 Model Town Extension Lahore
(Ph) 042 - 992 30 252
(Fx) 042 - 358 50 204
detlhrb@punjab.gov.pk

Mr. Sohail Arshad
Director Excise and Taxation
District Officer (Region-C)
2-A, Farid Kot Road Lahore.
(Ph) 042 - 992 11 421
(Fx) 042 - 992 11 397
detlhrc@punjab.gov.pk