Property Tax to be levied from Apr 1

Excelsior Correspondent
JAMMU, Jan 25: The Property Tax in the Urban Local Bodies of Jammu and Kashmir will be levied from April 1, 2023 as decision in this regard has been approved by the Government.
However, what can be termed as some relief to the targeted tax payers, the Property Tax will be levied at half of the proposed formula for the same.
As per the decision, approval has been granted to the proposal with the direction that the proposed Property Tax, which will take effect on April 1, 2023, shall be levied at half of the proposed formula.