BBMP property tax is a tax that citizens of Bangalore pay to the Bruhat Bengaluru Mahanagara Palike (BBMP) for the maintenance of public infrastructure and amenities. In simpler terms, it is a tax on the property that you own in Bangalore. The BBMP is the principal authority for assessing, collecting, and enforcing property tax in the city.
Property Tax in Bangalore
Property tax in Bangalore is calculated based on several factors, such as the area of the property, the usage of the property, the age of the construction, and the property’s location. The tax is calculated as a percentage of the annual value of the property, which is typically the rental value or potential rental value of the property.
The BBMP property tax rates in Bangalore vary depending on the property’s usage, location, and other factors. For residential properties in the city, the tax rate ranges from 0.05% to 0.20%. For commercial properties, the tax rate ranges from 0.20% to 1.25%. The BBMP also charges a 25% penalty for properties that are not registered for tax within the prescribed deadline.
Property Tax Payment Online Bangalore
To make it easier for citizens to pay property tax in Bangalore, the BBMP has introduced an online payment system. This system allows citizens to pay their property tax online from the comfort of their homes. The online payment system is secure, easy to use, and saves citizens the trouble of standing in long queues at the BBMP office.
To pay property tax online in Bangalore, citizens need to follow a few simple steps. First, they need to visit the BBMP website and select the ‘Property Tax’ option. Next, they need to select the ‘Online Payment’ option and enter their property identification number (PID) or the old application number. The website will then generate the amount of tax due, and citizens can pay the amount using a debit or credit card or net banking.
It is essential to note that citizens need to pay their property tax on time to avoid penalties and legal action from the BBMP. The deadline for paying the property tax in Bangalore is typically the end of April or early May of every year. Citizens who fail to pay their tax by the deadline are subject to a 1% penalty per month, which can quickly add up to a significant amount over time. Therefore, it is crucial to stay updated with the BBMP’s deadlines and pay the tax on time to avoid penalties.
Read Also: How to Get Area Calculation in Square Feet By Using Easy Formula
Conclusion
Overall, BBMP property tax is a crucial source of revenue for the Bruhat Bengaluru Mahanagara Palike, and it is essential for citizens to pay their tax on time to fund public infrastructure and amenities. The online system for paying property tax in Bangalore has made it easier for citizens to pay their tax and avoid the hassle of standing in long queues. It is also crucial to note that paying property tax is a legal obligation, and failure to pay the tax can result in penalties and legal action from the BBMP. Therefore, citizens should remain updated with the BBMP’s deadlines and pay their tax on time to avoid any issues.
