Lieutenant Governor Manoj Sinha on Sunday said that some people are deliberately trying to spread misinformation and create a false narrative regarding property tax in J&K.
He said, “We are ready to consider better suggestions and solutions. We will implement genuine suggestions.In every decision that we have taken so far, the interest of common man and business community has been paramount.”
While speaking at the inauguration of facilities at the Jammu Club, Lt Governor said, Jammu Kashmir is the last among the states/UTs to introduce the provision of property tax which is the least as compared to other regions.
Out of 5,20,000 houses in urban areas, 2,06,000 i.e. 40% houses which are less than 1000 sq ft are completely exempted. Minimum tax has been imposed on other houses. We have made such arrangements that out of 5,20,000 houses, 4,09,600 houses (80%) are either be totally exempted or will have to pay less than Rs.1000 as property tax annually. Similarly, out of 1,01,000 shops in urban areas, around 76,000 i.e. 75% shops are such that they will be paying less than Rs 2000 property tax annually and 45% i.e 46,000 shops out of 1,01,000 shops will have to pay less than Rs 700 tax annually, said the Lt Governor., said the Lt Governor.
This is a very nominal amount as compared to other cities of the country like Shimla, Ambala, Dehradun, he further added.
Common man has no issue with property tax. Only some special people are troubled by it, who had gathered fortunes for many generations by hoodwinking the common masses of J&K, he added.
The Lt Governor further observed that we have become the fifth largest economy of the world and under the guidance of Hon’ble Prime Minister, we are aspiring to become the third largest economy of the world.
