LAHORE MIRROR — Punjab’s interim government has approved the property tax assessment across the province after a hiatus of nine years, a media report says.
As per the summary approved by the cabinet, a new valuation table of property tax will be created to determine the property tax based on the new rents.
It will be followed by a 400% increase in property tax on commercial and residential properties in posh areas (category A).
After the survey, work, and calculation regarding the increase in property tax, the summary will be sent to the cabinet for approval.
