RAWALPINDI, June 13: The Rawalpindi Cantonment Board (RCB) has fixed June 30 as the last date for depositing property tax.

Official sources told Dawn that campaign to recover property tax from people living in the cantonment area has been expedited.

Residents who pay their taxes by this date will be given a 10 per cent rebate in their taxes. However, this concession is only for the tax levied in the financial year 2003-04 and will not be given on arrears of previous years.

It is pertinent to mention here that property tax is the main source of income for the civic body. This year, the cantonment authorities have set the target for property tax up to Rs100 million, which, they hope, will be achieved by the end of the current fiscal year.

“We have almost approached the target figure. The recovery campaign has been expedited and whatever is left will be achieved within the remaining days of this month,” the RCB spokesman, Ashraf Qureshi, said. However, he declined to give the exact figures.

On the other hand, many of the cantonment taxpayers have raised objections to RCB’s new tax formula. Some of them approached the courts, challenging the new tax rates.

It has been learnt that about 13 such tax-related petitions are in the superior courts. To dispose of tax-related objections and complaints, the cantonment board has also constituted three assessment committees — Assessment Committee for Commercial Units, Assessment Committee for Private and Residential Units and Assessment Committee for Lease Land Issues.