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SRINAGAR: Jammu & Kashmir’s Lieutenant Governor Manoj Sinha on Wednesday said that genuine suggestions of the public on imposition of property tax in Jammu & Kashmir would be considered.
During a news conference in Jammu, LG Sinha mentioned that suggestions submitted by the public will be evaluated, and those that are verified to be genuine will be taken into consideration.
The LG also stated that Jammu & Kashmir is the last state/UT to impose property tax, and the rates applied in this UT are significantly lower compared to the rates implemented in neighbouring cities such as Shimla, Chandigarh and Dehradun. He added that 40% of urban residents in J&K are exempt from paying property taxes.
“There are 520000 houses in urban areas of Jammu & Kashmir. Out of them, 206000 are exempted from property tax,” he said.
He said that 203600 houses would have to pay maximum Rs 1000 per annum as property tax in certain areas of Srinagar and Jammu. “If we look at other towns, they will have to pay Rs 600, Rs 500 per year,” he said.
It is worthwhile to mention that the J & K administration has sought feedback from the general public over imposition of property tax in the Union Territory. (KNO)
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( With inputs from : kashmirlife.net )
