The Punjab Government has increased five per cent in property tax rates at urban local organizations in urban local organizations. This increase will be considered implementation for financial year 2025-26, will be implemented from 1 April 2025.
The Department of Local Government has issued under a notification on June 5, 2025, the decision was applied under the instructions of the Central Government. The move is taken up to get additional credit limit and funding under the schemes of the Center’s Home and Civil Affairs.
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Based on the government issued by the government on February 14, 2021 and 26, 2021, it was clarified that property tax should be increased by 5 per cent annually every year. According to the notification now issued, the new tax on which the number will implement will be implemented in the residential home, residential flat, commercial buildings, including restaurants. Increasing property tax (except multiplex), the Punjab government will be able to borrow 0.25 per cent from the current credit limit set by the Center.
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