FBR hikes property valuation in Islamabad for 2024

New property valuation rates will be effective from November 1
A representational image. — Pixabay
A representational image. — Pixabay

With new property valuation rates effective November 1, the Federal Board of Revenue (FBR) is revising values in Islamabad and 55 other cities to enhance tax collection and stimulate investment in key sectors.

These revisions, based on property type and location, will affect federal taxes like capital gains and withholding. Islamabad's rates are significantly higher, following FBR’s 2022 update.

Red more: FBR's latest property valuation rates for Lahore

Let's take a look at the detailed rates — which are also available on the FBR website.