Punjab govt ‘decides’ to impose tax on houses

The Punjab government decided to impose a property tax on houses in the province, adding to the woes of the already burdened public. According to sources, the Punjab Excise and Taxation Department has been directed to compile a record of all houses in the province by next month, the sources said. The tax will be levied on houses measuring 5 marlas or above, with rates varying according to the value of the property. According to the sources, the houses worth over Rs 5 million will be taxed.