Jammu and Kashmir Lieutenant Governor Manoj Sinha on Monday said that 40 per cent of the J&K population will have to pay no property tax and the remaining 60 per cent have to pay nominal amount between Rs 600 to Rs 1000 maximum amount per annum.
Talking to media in Srinagar, LG Sinha said, “40% of population in J&K won’t have to pay any property tax. 80% of 2,03,680 households will have to pay nominal amount of Rs 600 per annum while rest will have to pay a nominal amount of Rs 1000.
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“This amount is one-tenth of the tax amount being paid elsewhere in the country”, he said.
The J&K government announced imposition of property tax in the UT from April 1.
