J-K govt likely to impose property tax from April 1

Jammu and Kashmir government is likely to impose Property Tax in Jammu and Kashmir from 1st April 2023.

The decision as per the reports has been communicated to Principal Secretary, Housing and Urban Development Department, Dheeraj Gupta.

Quoting Administrative Council decision No. 13/1/2023, an official memo reads ” The administrative council approved the proposal with the direction that the proposed Property Tax, which will take effect on 1st April 2023, shall be levied at half of the proposed formula.”

The J&K administration was given permission by the Ministry of Home Affairs (MHA) in October 2020 to impose property taxes in the Union Territory through Municipal Corporations, Municipal Councils, and Municipal Committees.