HOW TO PAY PROPERTY TAX IN BANGALORE

Property tax is collected by the Bruhat Bengaluru Mahanagara Palike (BBMP), the Bangalore property tax serves to raise revenue from the state’s property owners to improve infrastructure and living conditions for the citizens. Every state levies property tax on all tangible assets including residential, commercial, and rented-out properties.

-Annual Rental Value System: In this system which is followed in cities like Chennai and Hyderabad, the authority decides the gross yearly rent for a property. The tax is levied on the basis of the anticipated value.

-Capital Value System: In this system, the market value of a property is used to determine the applicable property tax. Under this system, the stamp duty department in the region decides the market value of properties.

-Unit Area System: The property tax is levied based on the properties per unit price of carpet area. To compute the tax applicable, the property value is multiplied by its carpet area. This system is adopted in Bangalore and other cities like New Delhi.

The most convenient way for property tax payment in Bangalore, is online on the BBMP website, with your credit or debit card, or through internet banking. (Visit https://bbmptax.karnataka.gov.in/)

You can retrieve your property details through your Base Application Number or Property Identifiers (PID).  You can make the payment towards your BBMP property tax online, only if you have already paid the property tax at least once, by using your Sas Base Application or PID number.

Step 1: Visit the BBMP Property Tax portal https://bbmptax.karnataka.gov.in/

Step 2: Enter the PID and retrieve the tax bills.

Step 3: Choose the payment method and make the transaction. Download the print receipt and save or print it for your records.

Property owners paying property tax to BBMP in a single installment before the due date are eligible to get a rebate of 5%. However, a delay in the payment of BBMP property tax will result in an interest rate of 2% per month. Property owners can pay the property tax in two installments to avoid interest. However, one will not be eligible for a rebate. The deadline for the 5% rebate, which had been extended to May 31 in 2022, has again been extended to June 30 in 2023.

Property owners can pay their property tax for apartments or other properties in Bangalore to the BBMP through offline mode. For this, they must approach the Assistant Revenue Officer office or Bangalore One center and submit the form. The payment can be done through any mode, including the demand draft.