KARACHI: The Sindh Excise and Taxation Department has imposed property tax on four more residential, commercial and industrial areas in the metropolis and sent challans to the owners.
The new areas, including Blocks of Surjani Town, Gadap (including areas adjacent to Gulshan-i-Maymar, Ahsanabad, parts of Bin Qasim and Hawkesbay housing colonies, have been brought into the property tax from the current financial year.
Previously, these areas were considered as underdeveloped and, therefore, the property tax was not enforced there.
Declaring new rating areas, a notification issued by the Sindh government made owners of the property units in these areas liable to pay tax at the prevalent rate.
The property tax is at present collected at the rate of 25 per cent of the annual rental value (ARV) of units, which depends on the location of the areas.
Giving details of the new tax measures, Sindh Excise and Taxation Director General Shoaib Siddiqui said that the new rating areas had been declared after 15 years, as the last property survey was carried out in 2001. He said that tax challans were being issued to the owners of property units in the new rating areas.
