Houses up to 1000 sq ft area exempted Minimum rates for 100-200 sq ft shops Excelsior Correspondent JAMMU, Feb 21: The Union Territory administration today ordered imposition of Property Tax in Municipal areas of the Union Territory from April 1. The tax rates will be five per cent of Taxable Annual Value (TAV) for residential properties and six per cent for commercial properties. However, residential houses up to a built-up area of 1000 square feet have been exempted from the […]