Every year, Bangalore home owners must pay the BBMP property tax. There is, however, a difference in the tax amount from one location to another. Here’s how to pay Bangalore property taxes
Residential property owners in Bengaluru must pay property tax to Bruhat Bengaluru Mahanagara Palike (BBMP) every year. The municipal body uses these funds to provide civic services, such as maintaining roads, sewer systems, public parks, and education. Based on the Unit Area Value (UAV) system, the BBMP calculates its Bangalore property tax. The property tax must be paid by the property owner every year, even if the property is vacant.
Home owners who had defaulted on their property tax payments in 2017 were declared offenders by the BBMP commissioner and their movable assets, such as furniture, were seized. It is estimated that at least 20,000 property owners in the city have not paid their taxes for a number of years.
How does the BBMP calculate property taxes?
The BBMP calculates property taxes in Bangalore based on Unit Area Value (UAV). Based on a property’s location and usage, the UAV is determined by expected returns. In this calculation, the property tax rate is multiplied by the square footage per month (unit) for a particular location or street (area). In accordance with the Department of Stamps and Registration’s guidance value Bangalore, the BBMP has six value zones within its jurisdiction. Different zones have different property tax rates.
For calculating property taxes in Bangalore, the following formula is used:
Property Tax (K) = (G – I) x 20%
Where,
G = X + Y + Z
and I = G x H/100
G = Gross unit area value
X = Tenanted area of property x Per sq ft rate of property x 10 months
Y = Self-occupied area of property x Per sq ft rate of property x 10 months
Z = Vehicle parking area x Per sq ft rate of vehicle parking area x 10 months
H = Percentage of depreciation rate (depends upon the age of the property).
BBMP property tax calculator
BBMP’s website includes a comprehensive guide to all the values, along with a property tax calculator, which will make it easier for citizens to pay property taxes online.
BBMP property taxes are computed using three methods:
Annual Rental Value System: An authority determines the gross yearly rent for a property in cities such as Chennai and Hyderabad. On the basis of the anticipated value, tax is levied.
Capital Value System: This system determines a property’s property tax based on its market value. A property’s market value is determined by the stamp duty department in the region.
Unit Area System: Based on the carpet area of the property, a property tax is imposed. The carpet area of the property is multiplied by its value to compute the applicable tax. New Delhi and Bangalore use this system.
BBMP property tax online: How to pay property tax in Bangalore?
Property tax payments in Bangalore can be made online on the BBMP website using your credit card or debit card. (www.bbmptax.karnataka.gov.in)
You can retrieve the details of your property by using your Base Application Number (BAN) or Property Identifier (PID). With your Sas Base Application or PID number, you can make a payment towards your BBMP property tax online only if you have already paid the tax once.
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.
BBMP property tax: How to get PID online?
Choose ‘Citizen Services’ from the official website of the BBMP. A new page will appear where you must select ‘GIS Enabled Property Tax Information System’. Your first number and mobile number are required to register. You will be able to see the property that is mapped to your mobile number on the map. Your new PID number will be displayed on the BBMP portal if your mobile number is not in the records. If your previous payment application ID is not in the records, you can enter your previous application ID instead.
BBMP property tax rebate
Residents who pay their property tax in a single instalment before the due date are eligible for a 5% rebate. BBMP property tax delayed payments will be subject to 2% interest per month. Taxes can be paid in two installments to avoid interest. Rebates are not available, however.
BBMP property tax online: How to download tax receipt?
A receipt can be obtained online after the BBMP tax has been paid. Go to the BBMP Property Tax portal and click on ‘Downloads’. The drop-down menu will allow you to select your option. You can print the BBMP tax receipt, Challan, or application from this page. You will need to enter the assessment year and application ID to view the document. BBMP property tax online payment 2021-22 and 2020-21 receipts can be obtained using this procedure.
BBMP property tax: Types of properties that attract property tax
BBMP property taxes are payable by the owners of the following properties:
Including self-occupied or rented properties
Flats
Office buildings
Factory buildings
Godowns
Shops
Is it possible to pay BBMP property tax offline?
Property tax can be paid offline to the BBMP by apartment and other property owners in Bangalore. To do this, they must visit the Assistant Revenue Officer’s office or Bangalore One center and submit the form. You can pay by demand draft or any other method.
In addition, many banks have been authorized to collect BBMP property taxes.