ASSESSMENT OF PROPERTY TAX

ASSESSMENT:

Assessment of the properties is based primarily on the nature of occupation and the type of building. Valuation Tables for reasonable rents in respect of Commercial (Self & Rented) and Residential (Self & Rented) properties with categories of localities classified from A to G on Main/Off Road basis have been notified u/s 5-A of the Act ibid. Annual Value of the properties is calculated through the rates specified in these valuation tables.

PROPERTY TAX NOTICES

• P.T-10

It is a challan upon which name of assesses, his property number, amount of tax for current financial year, arrears (if any) and last date of payment is mentioned. Upon receipt of this challan the assessee should deposit tax before last date mentioned in any branch of National Bank of Pakistan or State Bank of Pakistan where provincial receipts are received. Challan consists of three portions. The duplicate portion of this challan is sent to the E&T department through treasury where amount deposited is entered in the concerned registered. It is desirable, if photo copy of receipt is directly sent of E&T office, so that proper entry is recorded in the relevant record in time so that no further notice is sent to the assessee.

• P.T-11

When the assesse does not pay the tax in time specified in PT-10 a penalty equal to the amount of tax can be imposed upon him. Through PT-11 notice, the assessee is given opportunity to satisfy that non deposition of tax in time was not willful. On receipt of this notice, that assessee should appear personally or through some representative, before the concerned authority and inform the reasons for non depositions so that penalty may not be imposed upon him.

• P.T-14

Where the owner of a property tax does not pay property tax in time, the tenant of the property may be made bound to deposit the rent in Government Treasury until tax liability is cleared. For this Purpose, Notice PT-14 is issued to the tenants who should deposit rent in Government Treasury on Challan PT-10.

• P.T-13

Whenever the Assessing Authority ETO/AETO gets information about any change in description, use, possession, or ownership of any property unit, PT-13 is issued stating such change, proposed assessment and tax. The person who is served with this notice should file an objection in the office of concerned ETO within 14 days. If no objection is received within 14 days proposed change is confirmed.