Advanced Search
Advanced Search

₹ 0 to ₹ 1,500,000

More Search Options
we found 0 results
Your search results

Around 40% property owners in Bengaluru don’t pay tax

Posted by Urban Avenues on January 10, 2019
| 0

While the civic body’s GIS-enabled property tax information system has identified 19 lakh properties in its limits, only 11.5 lakh properties pay the levy.

Around 40% property owners in Bengaluru don't pay tax

BENGALURU: Owners of two out of every five properties in the city continue to avoid paying the stipulated property tax promptly, according to BBMP officials.

While the civic body’s GIS-enabled property tax information system has identified 19 lakh properties in its limits, only 11.5 lakh properties pay the levy. If every property is tax compliant, then the BBMP can mop up over Rs 4,000 crore, officials said.

The BBMP is racing against time to meet its tax target of Rs 3,100 crore. With less than three months left in the financial year, the agency has collected Rs 2,220 crore in taxes. Parks, playgrounds, shrines, BBMP properties and traffic circles are not assessed for property taxes. BBMP commissioner N Manjunatha Prasad told TOI: “A large number of properties, especially vacant plots in new BBMP areas, are regular defaulters.”

A revenue officer said every citizen should pay the tax regularly to avoid the penalty. With its budget of around Rs 10,000 crore, BBMP can provide better facilities to Bengalureans if the property tax potential is fully realized and with the help of government grants, he added.

 

NEWS LINK: https://realty.economictimes.indiatimes.com/news

Leave a Reply

  • Advanced Search

    ₹ 0 to ₹ 1,500,000

    More Search Options
  • Mortgage Calculator

  • Recent FAQ's

    ok i will or visit our gallery page with all project link

    Category: properties faq

    Load More

  • Archives

Open chat
1
Are you looking for a property?

Compare Listings