BBMP Property Tax is a tax levied on all properties in Bengaluru, Karnataka. It is a major source of revenue for the Bruhat Bengaluru Mahanagara Palike (BBMP).
2. Property Tax Rates
The current property tax rates for 2023-24 range from 0.05% to 0.25%, depending on the property's type, location, and usage.
3. Calculation of Property Tax
BBMP Property Tax is calculated based on the Annual Value of the property.
4. Exemptions and Concessions
Certain properties are exempt from BBMP Property Tax, such as properties used for religious, charitable, or educational purposes.
5. Payment Methods
BBMP Property Tax can be paid online or offline. Property owners can make online payments through the BBMP website, using net banking, credit cards, or debit cards.
6. Due Dates and Penalties
The due date for BBMP Property Tax payment is April 30th every year. If the tax is not paid by this date, a penalty can be levied or legal action is taken by the BBMP.
7. Importance of Paying Property Tax
It helps in maintaining civic amenities in the city, such as garbage collection, road maintenance, and public lighting. Know the steps to pay Property tax.