Srinagar, Feb. 22 -- The Government of Jammu & Kashmir has recently issued a notification for imposition of property tax in J&K. with effect from April 1st 2023. Lot of factually incorrect and misleading information is circulating in the media, with a potential of misguiding the people. It is important that the common public is aware of the correct and full facts of the matter.

Why property tax in J&K?

Property tax is being levied across the world by Municipalities to augment their resources. J&K was the only State/UT in the country which did not have. With poor finances, the ULBs across the UT were not able to deliver to their fullest! The revenue from other sources accounted for less than 15% of their operational expenses. Where are t...