PROPERTY TAXES WILL BE HIKED FROM 01-04-2016, SUBJECT TO THE LEGAL CLEARANCE IN BBMP LIMITS- HIKE BETWEEN 30% TO 40% ACTUALS BUT ON PAPER IT IS 20% AND 25%


Revision of property tax in Bangalore and its legal issues

The Government has approved the revision of property taxes in BBMP limits after 7 long years and the hike is in the range 20% of residential buildings and 25% for commercial buildings.

It is also discovered that over 2 lakh property owners are not paying the taxes at all and out of 16.80 lakhs property owners, majority of them have falsified the actual size or extent of construction.

A group of citizens have demanded that katha be withdrawn for the properties which have violated the sanctioned building plan and There is also a possibility to link the tax payment to the sanctioned building plan.

The tax slabs have also been revised with the guidance value of the properties and the actual hike will be much more than 20% to 25%.

The burgeoning city has witnessed a growth of around 70 per cent with many suburbs seeing exponential appreciation in land prices. As a result, areas like Whitefield, Yelahanka and other suburbs are likely to jump two or even three tax zones. This will effectively hike property tax in these areas by 35 to 40 per cent.

The Urban Development Department  is finalizing the draft notification of the property tax revision and would be published in couple of days, so that the property owners can raise objections after considering which the final notification would be issued.

But, there is a legal problem for the revision, to revise the property taxes, The government should have set up the Karnataka Property Tax Board as per the  KMC Act, 1976 was amended in 2011, as per the recommendations of the 13th Finance Commission.

There is a demand that Illegal buildings, buildings with violation and B katha buildings must be taxed 5 times the normal tax.

BBMP – PROPERTY TAX – REBATE EXTENDED UPTO 31-05-2015 – http://1113.sasbbmp.com/Forms/frm_OnlinePayment_MainPage.aspx


http://1113.sasbbmp.com/Forms/frm_OnlinePayment_MainPage.aspx

THE BBMP HAS EXTENDED THE REBATE OF 5% FOR THE PAYMENT OF FULL YEAR`S PROPERTY TAX UP TO 31-05-2015.

CITIZENS CAN PAY TAX AND AVAIL THE REBATE TILL THE END OF THE MONTH.

THE ONLINE PAYMENT PORTAL IS ALSO FUNCTIONING NORMALLY AND THE BBMP HAS INCREASED THE INTERNET BANDWIDTH TWICE OF THE EXISTING CAPACITY TO MEET THE INCREASED DEMAND BY THE TAX PAYERS TO PAY THE TAXES ONLINE.

THIS YEAR AS MANY AS 2.17 LAKH PROPERTY OWNERS PAID THE TAXES ONLINE TILL 30-04-2015 AND THERE WILL BE MORE TAX PAYERS AVAILING THIS FACILITY, HENCE, THE BANDWIDTH HAS BEEN INCREASED.

http://1113.sasbbmp.com/Forms/frm_OnlinePayment_MainPage.aspx