Zakaah on a Bonded/Mortaged House

Q: Does one have to pay zakaah on a house which is still under mortgage/bond from a bank?

A: Zakaat is not levied on houses, even if they house is free and not under any loan or bond. If one has rented out the house to tenants and the rent has accumulated then one has to oay zakat on that cash money at the end of the Islamic year. But there is no zakat on the value of the house.