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Property Tax 2017-18, 2016-17. Property Tax 2008-09 To 2015-16. Property Tax Hand Book. Head Office Address: Hudson Circle, Bengaluru, Karnataka 560002, India. Email: comm@bbmp.gov.in. Call us: 080-22660000.
- FREQUENTLY ASKED QUESTIONS
A. Zone classification and rates are the two tools for...
- FREQUENTLY ASKED QUESTIONS
- Property Tax
- About BBMP Property Tax
- Property Tax Rate in Bangalore
- Payment of BBMP Property Tax
- Computation of Property Tax
- BBMP Property Tax Due Date & Rebate
- Tax Benefits
- How to Check The Status of BBMP Tax Paid application?
- How to Download BBMP Tax receipt?
- Properties Which Attract Property Tax in Bangalore
A property tax levy is delegated to various municipalities within the states to ensure efficient and smooth maintenance of civic amenities in various localities, such as maintenance of local roads, drainage, cleanliness in the area, public parks etc. Property tax is governed by the state government and further delegation to various municipalities r...
Owners of properties in Bengaluru are liable to pay property tax to the Bengaluru Municipality body called Bruhat Bengaluru Mahanagara Palike (BBMP) every year. The municipal body utilises these funds to provide civic facilities in Bengaluru. The BBMP follows the Unit Area Value (UAV) system for calculating the amount of property tax. The UAV is ba...
In Bangalore, the property tax rate differs for tenanted and self-occupied properties. The property tax rates for six zones are as follows: Slabs for Residential Property Slabs for Commercial Property
Property tax period starts from April of one year and ends in March of the subsequent year. For instance, you should make payment before Julu 31, 2024 to avail 5% rebate.BBMP gives an option to either to pay property tax in a single installment or 2 installments, it also offers a 5% rebate on property tax paid in one instalment within the due date stipulated by BBMPDelayed payment of property tax attracts interest at 2% per month or 24% per annumProperty tax can also be paid in two instalments without any interest and without a rebateWhere G = Gross unit area value arrived by X+Y+Z and I = G*H/100 X = Tenanted area of property x Per sq. ft. rate of property x 10 months Y = Self-occupied area of property x Per sq. ft. rate of property x 10 months Z = Vehicle parking area x Per sq. ft. rate of vehicle parking area x 10 months H = Percentage of depreciation rate, which depends upo...
Paying your property tax in a single installment before the BBMP's due date grants you a 5% rebate. However, delaying payment incurs a monthly interest rate of 2%. You can also pay in two installments to avoid interest, but without the rebate, ensure it's done by July 31st, 2024.
Property tax paid can be deducted from the Gross Annual Value (GAV) of the property while computing income under house property inthe FY in which it is paidif the following conditions are satisfied: 1. GAV of the property is not NIL (self-occupied house property) 2. Property tax is paid by the owner
You can check the status of the BBMP tax paid application after making the payment of the BBMP property tax online. Follow the below process to check the BBMP tax payment status: 1. Go to the BBMP property tax portal. 2. Click on the ‘Payment Status’ tab on the home page. 3. Enter the ‘Application number’, ‘Owner’s Name', and click on the ‘Retrieve...
Follow the below process to download the BBMP property tax receipt: 1. Go to the BBMP property tax portal. 2. Click on the ‘Downloads’ tab and select the ‘Receipt print’ option from the drop-down list. 3. Select the assessment year, enter the application number, and captcha code and click on the ‘Submit’ button. 4. The property tax receipt will be ...
The following properties are covered under the ambit of BBMP property tax: 1. Flats 2. Residential houses (both occupied and rented) 3. Factories 4. Godowns 5. Offices 6. Shops The Department of Stamps and Registration has published guidance values that divide BBMP's jurisdiction into 6 value zones. The rate at which property tax is charged depends...
Apr 26, 2022 · All property owners in Bengaluru have to pay the property tax for the financial year 2022-23. The last date for doing so without penalty and interest is June 30th, while with penalty and interest, it can be paid at the convenience of the owner. BBMP offers a 5% rebate on property tax payment upto 30th April 2022.
May 3, 2024 · Every year, the Bruhat Bengaluru Mahanagara Palike (BBMP) collects property tax during the months of April and May, and a 5% rebate is accorded to encourage timely tax payments. This year, however, BBMP has extended the 5% rebate period for property tax payments till July 31, 2024.
A. Zone classification and rates are the two tools for property taxation. In the year 2000 several areas were treated backward and were classified under F Zone. This classification was done as per the guidance value prevailing at that point in time.
Verification of Hand Book, Kirdi Register, Receipt Book and Remittance Challan maintained by Tax Inspectors ; Identification of unassessed properties and bring them under tax net ; Propose unique municipal number for new properties in the respective street
Apr 29, 2024 · Collected by the Bruhat Bengaluru Mahanagara Palike (BBMP), Bangalore property tax serves as the means to raise revenue from the state’s property owners to improve infrastructure and living conditions for the citizens. Property tax is levied by every state on all tangible assets including residential, commercial, and rented out properties.
