Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Property tax in Bangalore

Q: I have not paid my property tax yet. When is the last date and do I have to pay any kind of penalty

Reply

Replies (6)
1
What is the target set for BBMP for the financial year 2015-16?
badrinath


The BBMP has set a target of collecting of Rs 2,400 crore worth property tax for the financial year 2015-16. They have already collected Rs 1,489 crore and is expected to exceed the target by March.
Tejesh Kumar,  Bangalore
19th November 2015


I heard that there will be changes in two respects in this year property tax. What are they?
Sanjeev C,  Bangalore
4th May 2016


Yes, This year there are changes in two respects: 1. Change in tariff and 2. Change in zonal classifications.
Tejesh Kumar,  Bangalore
4th May 2016


BBMP has cancelled the zonal change, hence only 25% hike is applicable
Priotosh D ,  Bangalore
4th May 2016


Is it true that the BBMP has extended rebate period for property tax?
Sanjeev C,  Bangalore
1st June 2016


The standing committee on finance and taxation to extend 5% rebate period on property tax payment till June 30.
Priotosh D ,  Bangalore
1st June 2016


2
Hi Guys!! BBMP is again planning to increase the property tax in Bangalore. Has anyone heard about the same?
arjun kumar


Yeah man.... What is happening god knows??? BBMP has decided a hike of 20% tax on residential properties and 25 % on commercial properties
farahan.k,  Bangalore
19th October 2015


What is the point of increasing property tax, anyways it is quite high??? I stay in Malleshwaram and you could see most of the footpaths in Malleswaram are left unattended for more than 10 years. BBMP is least bothered to improve the footpaths.
Sachin bhatt,  Bangalore
19th October 2015


3
Hey Guys, Has anyone got any update about the revised property tax?
Harshit


Many areas such as Yelahanka, Bommanahalli, Mahadevapura and Hoody, where property tax is charged at a lower rate currently, is proposed to be revised. Property tax was not revised in areas coming under IT Corridors, despite of increase in commercial and residential activities.
Bhaskaran,  Bangalore
6th August 2015


Right now there are 6 tax zones in the city from A to F, properties coming under the A zone are paying high tax and those under F zone paying lower rates. The guidance value for the properties in these areas has been revised thrice – 2009, 2013 and 2014, but the property tax, fixed on the basis of the 2007 guidance value, was not revised since then.
Sachin bhatt,  Bangalore
7th August 2015


4
Yeah you can pay the tax online via the BBMP's website or through net banking. No transaction charges will be levied.

If the tax payable is less than Rs 1,000, it can be paid in cash at BBMP help centers, the respective sub-divisional Assistant Revenue Officer (ARO) offices or in any of the BangaloreOne centers across the city. Payments above Rs 1,000 can be made through demand draft (DD), cheque or debit/credit cards.
Sachin bhatt


5
Do I have to go to the BBMP office and pay the tax or I can do it online?
darshil. kumar


6
The last and final date to pay property tax for the full year is May 30. Property owners who are paying the entire tax amount for the assessment year 2015-16 will a rebate of five percent.
Sachin bhatt


Actually I will be paying my property tax on installments. When should I pay the first installment and the second one?
darshil. kumar,  Bangalore
28th May 2015


Those who are paying property tax in installments have to pay the first installment by May 30. The second installment is to be paid by November 29, 2015.

If you fail to pay the tax on said date, you will be charged two percent interest as penalty every month thereafter till the payment is made, calculated on the total tax payable.
Sachin bhatt,  Bangalore
28th May 2015


7

Ask a Question
120 Characters Left











    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!