As per Lawkidunya, In Lahore, Pakistan, industrial property tax rates are determined by the Excise and Taxation Department of the Punjab government. The tax rate is 5% of the annual value of the property, which is calculated based on the property’s location, size, and type.
To give you a better idea, here are the Commercial Property Valuation Rates for Lahore:
– Category A: PKR 120 per square yard (main road) and PKR 96 per square yard (off road)
– Category B: PKR 80 per square yard (main road) and PKR 64 per square yard (off road)
– Category C: PKR 56 per square yard (main road) and PKR 44.8 per square yard (off road)
– Category D: PKR 40 per square yard (main road) and PKR 32 per square yard (off road)
– Category E: PKR 30 per square yard (main road) and PKR 24 per square yard (off road)
– Category F: PKR 20 per square yard (main road) and PKR 16 per square yard (off road)
– Category G: PKR 15 per square yard (main road) and PKR 12 per square yard (off road)
Keep in mind that these rates are subject to change, and you should consult the official website of the Excise and Taxation Department of the Punjab government or contact a tax professional for the most up-to-date information.