Islamabad, In a recent move to enhance its revenue streams, the Capital Development Authority (CDA) has increased property tax rates throughout the Islamabad Capital Territory (ICT). The authority aims to extend the reach of this tax to ensure more comprehensive coverage within the region.

According to Zameen.Com, the new property tax scheme introduced by CDA includes a 10% tax concession for employees affiliated with private entities registered under the Employees' Old-Age Benefits Institution (EOBI) and government employees. This concession is also applicable to taxpayers who settle their dues by the deadline of September 30 each year.

While the updated tax policy exempts certain properties, including government hospitals, educational institutions, libraries, and offices of federal and provincial governments, semi-government bodies will not benefit from these exemptions. The revised tax rates will affect a variety of residential areas. For instance, sectors E-11, model towns, and the PHA Kurri Housing scheme will now face annual property taxes ranging from PKR 24,000 to PKR 200,000, contingent on plot size.

Moreover, properties in upscale areas like Park Enclave will encounter tax rates between PKR 25,000 and PKR 227,000 per annum. Similarly, residents of DHA, Bahria Enclave, and Bahria Town will see their property taxes adjusted to rates between PKR 27,000 and PKR 298,000 annually, depending on the dimensions of their homes. Tax rates in other locales, including Gulberg, Naval Anchorage, and various sectors, will also undergo adjustments, setting specific minimum and maximum charges based on property size.