FBR raises property estimation rates in 20 cities

The Federal Board of Revenue (FBR) has increased real estate appraisals by 10-30% in more than 20 cities and some rural areas to match DC valuations, according to news on September 20 in national newspapers. 

According to details, the World Bank (WB) has set this condition for a revised property valuation table for his $400 million loan titled ‘Pakistan Raises Revenue’. It was noted that the revised valuation rate would increase property tax collection. News sources said the price reported by the FBR was lower than the existing fair market price.

The FBR has reportedly revised up property valuation tables in various cities for 2022-2023. Previously exempted areas of Islamabad Capital Territory (ICT) were also announced to be included in the revised assessment rate. At present, the board has decided to revise tariffs for cities such as Dera Imail He Khan, Rawalpindi and Attock.

Note: FBR previously revised property valuation rates for 40 cities to align them with the regional valuations reported by DC.

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