Islamabad: Federal Board of Revenue has issued valuation tables for new rates of immovable property in 18 cities across the country. Property rates in many areas in these cities are yet to be marked and until that happens, tax will be collected on these properties per the old Deputy Commissioner (DC) rate.
In Islamabad, FBR hasn’t issued the fair market rate of property in CDA sectors B-17, C-15, C-16, D-13, D-17, G-13, G-14, G-15, G-16, F-14, F-15, F-16 and F-17, according to a news report. Until FBR releases a notification regarding fair market rate of property in the above mentioned areas of Islamabad, tax on these immovable properties will be calculated per the old DC rate.
DC rate is per sqr ft or marla