All property taxpayers are informed that the Government of Punjab is providing a 5% rebate on payment of property tax before 30th September 2022. An additional discount of 5% would also be admissible on the payment through EPay. Please pay your property tax in time to avail the rebate.
Under the provisions of the Act, the property tax is levied on the annual value of buildings and land located in the rating area. It is levied at the rate of 5% of the annual value at which the property may be let out from year to year basis
Assessment of the properties is based primarily on the nature of occupation and the type of building. Locality-wise yardsticks for commercial and residential, self or rented as the case may be properties have been prescribed. The annual value of the properties is calculated through these yardsticks. On the basis of the annual value of the property unit, Property Tax is charged at the rates mentioned above.
Notice under section 81 of Land Revenue Act 1967 is stated as below: Whenever an assessee does not pay in time, the ETO with delegated powers of Assistant Collector Grade - I under Punjab Land Revenue Act, 1967 may issue a demand notice under Section 81 of the Act ibid. On receipt of this notice, the assessee should immediately contact Excise & Taxation Officer because the next step will be warrants of arrest for the defaulter
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