Chandigarh, April 24 -- Facing intense backlash from residents, traders, industrialists and even political circles, the UT administration on Wednesday offered marginal relief by reducing the property tax hike imposed on both residential and commercial properties from April 1.

In a fresh notification on Wednesday, the administration announced that residential property tax for the financial year 2025-26 will now be charged at 6% of the Annual Rateable Value (ARV)-double the earlier rate, but lower than the initially announced threefold increase to 9%.

Similarly, commercial and industrial properties will see tax rates set at 5% of ARV, instead of the earlier announced 6%.

The decision comes three weeks after the administration's March 31 ...