Adv Ch Shahid Bhalli

Tax Rates on Residential Properties in Lahore Pakistan

As per Lawkidunya, Here are the tax rates on residential properties in Lahore, Pakistan:

Zone-Based Tax Rates

Zone A
– Flats: Rs. 0.50 per square foot
– Houses: Rs. 0.40 per square foot

Zone B
– Flats: Rs. 0.40 per square foot
– Houses: Rs. 0.35 per square foot

Zone C
– Flats: Rs. 0.30 per square foot
– Houses: Rs. 0.30 per square foot

Zone D
– Flats: Rs. 0.25 per square foot
– Houses: Rs. 0.20 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 Lahore Development Authority’s (LDA) website or through designated banks.
– Property tax can also be paid in person at the LDA’s offices.

Please note that these rates 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.

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