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Punjab overhauls 66-year-old property tax system

Punjab overhauls 66-year-old property tax system

August 7, 2025 by maleeha zahid

  Previously, property tax was calculated based on the Annual Rental Value (ARV), where excise inspectors estimated rental income to determine taxes. This method often led to underreporting, human error, and biased assessments. However, the new Capital Value (CV) system will use fixed criteria like land size and notified rates, reducing manipulation and subjectivity in […]

Filed Under: Business, Pakistan, Punjab Tagged With: Latest, major financial reform, new capital value-based regime, new system is designed to improve transparency, Punjab overhauls 66-year-old property tax system, the Punjab government has replaced its 66-year-old property

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