Updated On: 11 March, 2023 03:52 PM IST | Jammu | PTI
The Union Territory administration recently notified the imposition of property tax in municipal areas from April 1. The tax rates will be 5 per cent of the annual taxable value for residential properties and 6 per cent for commercial properties

Representative Image. Pic/iStock
A day-long strike called by a traders` body against the imposition of property tax evoked a mixed response in Jammu on Saturday with Lieutenant Governor Manoj Sinha saying people are wise and understand the situation very well.
Sinha, however, said his doors are open for dialogue on the issue and the interests of the people of Jammu and Kashmir have been given priority while framing the rules.