With New Property Valuation Rates Property Prices Skyrocket in Pakistan
FBR, in collaboration with real estate attorneys, has refreshed the report of recent property taxes budget for 2016-2017. The property taxes have been updated for more than 16 territories, including Lahore. Taxes are often considered as a source of revenue for all central and local government departments. The government determines a specific value of a property due to which a tax is imposed in a specified proportion. Taxes across the world are applied on the basis of basic property elements, but still it varies in many territories.