FBR revises property rates in six cities, opts for selective adjustments

The Federal Board of Revenue (FBR) has revised property valuation rates in six cities, introducing selective adjustments instead of a full-scale revaluation to align tax values more closely with market rates.

The updated valuations will be used to calculate federal taxes, including capital gains tax and withholding tax, with officials aiming to narrow the gap between notified values and actual transaction prices.

The revisions cover Islamabad, Faisalabad, Gujranwala, Multan, Bahawalpur and Sialkot, focusing on specific locations and property categories rather than applying uniform changes across entire cities.

In Islamabad, the valuation framework underwent multiple revisions following stakeholder feedback. After suspending an earlier notification issued in December 2025, the FBR introduced updated rates in February 2026 and later offered further reductions of 10% to 35% in selected sectors through a notification issued on April 16, effectively resetting valuation benchmarks in the capital.

In Multan, changes were limited to selected localities under amendments to an earlier 2024 notification, with officials retaining the broader valuation structure while updating specific areas.

Similarly, in Faisalabad, revisions were made to identified locations through amendments to existing valuation tables, without replacing the overall framework.

In Bahawalpur, the FBR updated valuations in DHA Bahawalpur and Askari Housing Scheme, while in Gujranwala, changes were introduced in defence and Askari schemes as well as high-end residential developments such as Palm City.

In Sialkot, adjustments were made to specific entries, revising rates for residential plots and built-up properties in selected areas.

Officials said the exercise was aimed at updating outdated values in high-value and emerging urban zones while maintaining consistency in the valuation methodology.