Are you an owner of property in Bengaluru? Then, if that is the case you are in the correct place. However, paying taxes cannot be inevitable for the people. In this article, we profoundly talk about the BBMP property tax which is an important component to improve and maintain each public facility in the city. Surely, through this article, we will explore this property tax in detail. Clearly, we will deliver facts and figures about this tax. So, what do more you need? Stick around with this article! Further, we also recognize that you have a lot of questions: what is BBMP property tax? How does it work? and many more. Curl up! By the end of this article, will get all your answers of yours. What’s more, let’s start this article!
Before coming to the BBMP: Let’s discuss what is Property Tax?
Property taxes are similar to payments made to the government by homeowners or property owners. Evidently, taxes support local services and amenities. Actually, these funds are used by municipalities to maintain and improve facilities. The facilities are for instance local roads, drains, sanitation and public parks. Property taxes are administered by the federal government. However, the responsibility is shifted to municipalities. Further, these delegations allow for flexibility in how taxes are calculated, when they are due, and how they are paid. When it comes to property taxes, it is not just about houses. But, it covers various types of properties like houses, buildings, shops, warehouses, even vacant land etc. Consequently, property ownership comes with its own responsibilities. Property tax logic is important for functioning your financial and tax planning. Besides one way to help improve is where their assets are located.
What is BBMP property tax?
The owners of the property in Bengaluru are responsible for paying property taxes to the municipality body. Moreover, the full form of the BBMP is Bruhat Bengaluru Mahanagara Palike. Clearly, every property owner has to pay the tax every year. Certainly, the municipal body uses these funds to make available the civic facilities in Bengaluru. Moreover, the BBMP follows the unit area value (UAV) system to calculate the amount of property tax. However, the UAV is based on the expected returns from the property. But it depends on the location and usage of the property.
Additionally, the calculation of the taxes is based on the per sq. ft. per month. However, it is based on the location of the property majorly depends on the area. After that, both Unit and Area are multiplied by the current property tax rate called Value. Further, if you want to know about the rate of your property, you can check it online from the BBMP official website.
How to BBMP property tax online?
Visit the official BBMP website after that go to the ‘SAS Property Tax’ section.
You can choose how you want to capture your property information. You can use your application number, PID number, or renewal application number.
Enter the first three characters of the property owner’s name and click ‘Accept’. This will display the property information on the next screen.
Verify that the information displayed is correct. If all looks good, click ‘Proceed’ to proceed to Form IV. If there is an error, you will be referred back to Form V for correction. You can also use Form V to make changes such as correcting names.
If you are on Form IV and everything is correct, proceed to pay the property tax online using the payment table provided.
You will receive an e-receipt after completing the online payment. Be sure to download and print for your records.
How to check the BBMP property tax bill online?
- First of all, go to the official website as we said above.
- After that, navigate to the payment status tab on the home page.
- Then, click on the payment status tab.
- Next, choose the option to search whether from the application number or challan number.
- After entering the number, the status of the payment will appear in front of you.
What are the major property zones in Bengaluru?
- South
- West
- East
- Yelahanka
- Bommanahalli
- Mahadevapura
- Dasarahalli
- Rajarajeshawri Nagar
What are the major things you should remember before paying or calculating the BBMP property tax?
First of all, you should need to know about the total area of the property.
Further, one of the crucial reasons is you would know about the rate of per sure feet area.
Next, find out the depreciation, if applicable to the property.
What generosity of property taxpayers have to pay the property tax in Bangalore?
BBMP attracts property tax on residential and commercial properties in Bangalore. However, if the property is vacant, rented or occupied, the tax would be payable. Also, if you own a piece of vacant land, you would have to pay property taxes as well.
What are the forms of BBMP property tax?
Form I: Used for property with property number
Second option: used for assets with sour numbers
Form III: Used for those who do not have a Property Identification Number or Khata Number
Form IV: used when there was no change in property characteristics such as occupancy, activity or overall built-up area
Form V: Used if there has been a change in the details of the property
Form VI: For payment of service tax if the property is exempt from income tax of property
What penalties are made for the delay of BBMP property tax?
If there is a delay in paying the property tax, the taxpayer will be charged 2% interest per month on the outstanding amount. Evidently, it means if you haven’t paid the property tax for more than a year, then it simply means 24% per annum will be charged on an outstanding amount.
In case of complaints where payer have to go?
Simply, log in to the BMTF website
After that, click on the online complaints option.
Carefully fill out the form and submit it.
After submitting the complaint will be registered thereafter complaint ticket number will be generated automatically.
Afterwards, users can check the complaint status by entering a user ID and password.
Further, if you want to keep your complaint confidential, only they will be able to see the complaint status.
In addition, users can also file a complaint via a helpline number which is 22660000.
Final say!
Indeed, paying taxes is compulsory for each and every person. Moreover, it helps the government to maintain the civic services such as the repair of roads, maintaining cleanliness, drains, etc. So, paying taxes can fulfil your federal duty. However, paying the property tax in Bangalore allows the municipality to provide you the best services which helps in developing the city and better amenities. Overall, we have discussed a lot in this article, if you found this article informational then let us know with your comments. Toddles!
Author– Sahil Jamwal
