As per Lawkidunya, Property tax rates in Karachi, Pakistan, are levied under the Sindh Urban Immovable Property Tax Act, 1958. The tax rates vary based on the type of property, its location, and its value.

Tax Rates For Different Types of Properties

Residential Properties Tax Rates in Karachi

– Zone A: Rs. 0.60 per square foot for flats, Rs. 0.50 per square foot for houses
– Zone B: Rs. 0.50 per square foot for flats, Rs. 0.40 per square foot for houses
– Zone C: Rs. 0.40 per square foot for flats, Rs. 0.30 per square foot for houses
– Zone D: Rs. 0.30 per square foot for flats, Rs. 0.20 per square foot for houses

Commercial Properties Tax Rates in Karachi

– Ordinary Commercial Properties:
– Zone A: Rs. 5.00 per square foot
– Zone B: Rs. 4.00 per square foot
– Zone C: Rs. 3.00 per square foot
– Zone D: Rs. 2.50 per square foot
– Commercial Properties in Regularized Katchi Abadi:
– Zone A: Rs. 2.50 per square foot
– Zone B: Rs. 2.00 per square foot
– Zone C: Rs. 1.50 per square foot
– Zone D: Rs. 1.25 per square foot
– Concessionary Specified Commercial Properties (educational institutions, hospitals, etc.):
– Zone A: Rs. 3.00 per square foot
– Zone B: Rs. 2.50 per square foot
– Zone C: Rs. 2.25 per square foot
– Zone D: Rs. 2.00 per square foot

Industrial Properties Tax Rates in Karachi

– Zone A: Rs. 0.70 per square foot
– Zone B: Rs. 0.50 per square foot
– Zone C: Rs. 0.40 per square foot
– Zone D: Rs. 0.30 per square foot

Additional Taxes and Fees

– A 5% surcharge is levied on the property tax.
– A 10% penalty is imposed for late payment of property tax.
– A 15% penalty is imposed for non-payment of property tax.

Exemptions

– Properties owned by the federal or provincial governments are exempt from property tax.
– Properties used for charitable or educational purposes are exempt from property tax, subject to certain conditions.

Payment of Property Tax

– Property tax can be paid online through the Karachi Metropolitan Corporation’s (KMC) website or through designated banks.
– Property tax can also be paid in person at the KMC’s offices.

Important Notes

– The property tax rates mentioned above are subject to change, and it’s always best to consult with the relevant authorities or a tax professional for the most up-to-date information.
– The property tax rates vary based on the type of property, its location, and its value.
– The property tax is levied on the annual rental value (ARV) of the property.