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Northlines Correspondent Jammu Tawi, Feb 21: Jammu Kashmir Administration today gave yet another shock to the people of Jammu Kashmir as it has issued an order imposing Property Tax on all properties – residential or non-residential at rates of 5 % and 6 % respectively annually of Taxable Annual Value (TAV) effective from Ist
![J&K to impose property tax from April; rates set at 5-6% in urban areas [details] - Vimarsana News](https://data1.ibtimes.co.in/en/full/773758/new-rates-property-tax.jpg)
J&K was earlier exempted from Property Tax. Now, the tax will be imposed on all Urban Local Bodies across the Union Territory.
Jammu Kashmir Administration today gave yet another shock to the people as it has issued an order imposing Property Tax on all properties - residential or non-residential at rates of 5 % and 6 % respectively annually of Taxable Annual Value (TAV) effective from Ist April 2023. A notification issued today (21.02.2023) as an SO