BBMP Property Tax
This is the notification issued by BBMP regarding Payment of Property Tax for the year 2014-15. If you pay your property taxes before April 30,you will be eligible to get a 5% discount on your property tax. If the entire BBMP Property Tax for the current year is paid on or before 30.04.2014 , 5% rebate can be availed. If the property tax for 1st half year is not paid before 30th May 2014, an interest of 2% per month will be charged thereafter. From the financial year 2014-2015 cheques will not be accepted, instead one have to pay either by cash or Demand Draft.
The financial year for 2014-15 will be starting from April 1, 2014, The current rates of Property Tax is continued for this financial year so under the Self Assessment Scheme, taxes can be paid at the existing rates as in the previous year2013-14. Property Tax can be paid in two installments, the 1st installment will be interest free if it is paid within 30th of May 2014, and the 2nd will be interest free if paid within 29th November,2014.
Owners of property who possess Khata or PID Number can pay their Property Tax for the financial year ’14-15 through Cheque/DD/Pay Order or using Credit/debit card at the Office of the Assistant Revenue Officer or at any BBMP Help Centres, Those who does not possess any Khata can also pay the tax at the Office/centres using separate forms/returns. Those who have not paid tax from the year 2008-09 can also pay tax at the Office/centres after filing the returns. Tax payers who have submitted declarations for the year 2008-09, can pay the property taxes online through the BBMP website, using Credit/debit card. BBMP has already issued tax assessment special notices to the property owners those who have not paid tax from 2008-09 to 2012-13. The outstanding amount should be paid first only after which the tax for 2012-13 will be accepted.
Those owners in unauthorised revenue layouts and apartments owners in buildings without Occupancy Certificate/Ownership or Title Deeds, can also pay their Property Tax under the Self Assessment Scheme. Such properties can be registered in ‘B’ Register at the Office of the Assistant Revenue Officer until they are regularized.
The necessary Self Assessment Property Tax applications/return form for the year 2014-15 and Solid Waste Management Cess application forms are available at the Office of the Assistant Revenue Officer and the BBMP Help Centres. Cost of application/return form is Rs. 5. If the Tax amount (including Solid Waste Management Cess) is less than Rs. 1,000/-, then the tax can be paid in cash at the Office/help centres. Solid Waste Management cess,can be calculated at yearly or half yearly rates proportionately and must be paid along with Property Tax. The Self Assessment Property Tax applications/return form for and Solid Waste Management Cess application forms are available at the Office of the Assistant Revenue Officer and the BBMP Help Centres. Cost of application/return form is Rs. 5/-.
In cases where the Property Tax amount exceeds Rs. 15,000 and above, the receipts for payments made by DD/Pay Order will be issued immediately. If the payment is made through cheques, the receipt will be issued after the cheque amount is released.one can Pay tax online using credit card or Netbanking. You will get a receipt instantly and there will be no transaction charges.
Here is the List of banks enabled for payment of property tax over the counter :
- Canara Bank
- Corporation Bank
- HDFC Bank
- IDBI Bank
- Induslnd Bank
- Indian Overseas Bank
- Kotak Mahindra Bank
- ING Vysya Bank
- Yes Bank
Timings for payment of Property Tax : 9.00 a.m. to 12.30 p.m. & 3.00 p.m. to 7.00 p.m
Property Tax can be paid in the BBMP Help centres and BangaloreOne centres.