PROPERTY TAXES MIGHT BE INCREASED IN BANGALORE ALONG WITH UNSCHEDULED POWER CUTS


The Government has decided to increase the property tax by 15% from 01-04-2016, as it was not renewed for the last 6 years.

There is more news to Bangaloreans.

Brace for Unscheduled power cuts in Bangalore for more than 2 hours a day and the duration of power cuts will go up due to power shortage, as a result of failed monsoon, increased consumption or demand and water storage in the Reservoirs across the state.

There is more news to Bangaloreans.

Water shortage is noticed in many areas as of now and will complicate further in the coming months.

New formula to compute property tax in Bangalore


New formula to compute property tax in Bangalore

The state government has decided to redraw area-wise zones based on current market guidance value.

The formula is that the property tax is based on the guidance value of the properties in the particular zone  and the tax will be charged accordingly. The tax hike might come into effect from April 1, 2016 as it had not been revised since 6 years.

The Bruhat Bengaluru Mahanagara Palike (BBMP) has already begun the zonal regulation process in all 198 wards.

BBMP PROPERTY TAX PAYMENT – REBATE EXTENDED FOR FULL YEAR TAX PAYMENT UP TO 30-06-2013


THE CHIEF MINISTER OF KARNATAKA HAS ANNOUNCED THE EXTENSION OF REBATE FOR THE PAYMENT OF FULL YEAR PROPERTY TAXES WITHIN BBMP JURISDICTION TILL THE END OF JUNE.  AVAIL THE REBATE BEFORE 30-06-2013.