The Karnataka State Government imposes this tax on the residents of the State who own properties in their name. BBMP property tax is the property tax that is collected from the property owners in Bangalore. This tax forms a source of revenue for the State Government. The funds collected through this tax is used for the development of the State.
The Bruhat Bengaluru Mahanagar Palike (BBMP) is the municipal corporation of Bengaluru that levies the property tax on eligible property owners. The Bruhat Bengaluru Mahanagar Palike (BBMP) property tax is payable annually by eligible owners of the property. Failing to pay the tax would result in penalties and even seizure of your assets.
The BBMP property tax rate in Bangalore is not a fixed rate. It is categorised into different slabs depending on the type of property and the jurisdiction into which the property falls. You can check your tax rate online on the BBMP property tax portal. The rates are also discussed later on in the article.
You can pay the BBMP property tax online or offline. The Bengaluru municipality allows property owners both the options to pay off their tax liability conveniently.
The process of paying the property tax under both modes is discussed below:
BBMP property tax online payment is possible through the official website of BBMP. The process is as follows –
You can also pay the BBMP property tax offline. Offline payment can be made at the office of the assistance revenue officer or at the Bangalore One centre. Alternatively, you can pay the tax through a demand draft or your credit or debit card at authorised banks. To do so, follow the online process for BBMP property tax payment. But, instead of proceeding to pay online, you can download the BBMP property tax challan. Then you can use this challan and pay the tax offline.
You can do a BBMP self-assessment of property tax and file the same online or offline depending on your suitability.
Also Read: Navi Mumbai Municipal Corporation (NMMC) Property Tax Simplified: Pay NMMC Tax Online
After paying the Bangalore property tax online, you can check the BBMP property tax payment status online. To check the BBMP payment status:
To get your PID online, visit the official BBMP website for property tax and click on ‘GIS-Enabled Property Tax Information System’. Then you would have to register yourself with your mobile number and first name. After registration, the property mapped to your phone number would be displayed. If, however, no property is mapped to your mobile number, you can enter in your application number of the previous payment of tax. The details would give you the PID number.
You can download the BBMP property tax receipts in the following manner –
There is a formula to calculate BBMP property tax liability. This formula is as follows –
BBMP property tax formula is (G – I) x 20% + Cess @ 24% of the property tax calculated
In the formula, the values are described as follows –
You can also use the BBMP property tax calculator available on the BBMP website to check your tax liability. The property tax calculator in Bangalore is free and easy to use.
Before calculating the BBMP property tax, here are a few things to remember –
Once you have the details, you will be able to calculate the BBMP property tax.
Both residential and commercial properties attract property tax in Bangalore. The tax would be payable whether the property is vacant, rented out or occupied. Moreover, if you own an empty plot of land, the property tax would also be payable.
The rate of BBMP property tax depends on the type of property, the zone in which the property falls and whether the property is self-occupied or rented out. To see the tax slabs, first, let’s have a look at the different zones into which properties are divided –
There are six primary property zones. The areas of classification are as follows –
Now, here’s a look at the property tax slabs segregated based on the type of property that you own under the BBMP property tax system-
|Zone||Rate per square feet for self-occupied property||Rate per square feet for rented out property|
|Zone||Rate per square feet for self-occupied property||Rate per square feet for rented out property|
|Zone||Rate per square feet|
Getting the tax application number is the same thing as the PID. You would, thus, have to follow the steps to generate the PID number online and the same number would serve as the tax application number.
Also Read: Property Tax in Chennai: Meaning, Tax Rates & Tax Rate Calculator
There are different types of tax forms that are used when paying the BBMP property tax. These forms are as follows:
|Name of the form||Meaning and usage|
|Form I||Used for properties having Property Identification Number|
|Form II||Used for properties having a Khata number|
|Form III||Used for properties that don’t have a Property Identification Number or a Khata number|
|Form IV||Used when there are no changes in the details of the property like the occupancy, usage or the total built-up area|
|Form V||Used if there is a change in the details of the property|
|Form VI||Used for paying the service tax if the property is exempted from the incidence of property tax|
The due date for Bangalore property tax payment for a financial year is 30th April 30. All eligible property owners have to pay the property tax to the BBMP within this BBMP property tax last date. In the case of any default or late payment, a penalty of 2% per month would be charged on the outstanding tax liability.
You can also claim a rebate on the BBMP property tax liability. The BBMP property tax rebate allowed is 5% of the tax liability if you pay the property tax in one lump sum within the due date.
You can make a complaint and even check its status online. to check the status of the BBMP property tax complaint, the process is as follows –
Property tax is an important source of revenue for the State Government. As you fulfil your federal duty and pay the house tax in Bangalore you allow the municipality to serve you better and develop the city with better amenities. So, know what property tax is all about, calculate your tax liability and pay BBMP property tax online in Bangalore before the stipulated deadline to claim a rebate and also to avoid penalties.
Ans: You can pay the property tax annually in a lump sum. This would also earn you a 5% rebate. Alternatively, you can pay the tax in two instalments over 6 months. This would, however, not give you any rebate.
Ans: No, usually, it takes about 24 hours for the tax receipt to get updated on the BBMP portal. After that, you can download the BBMP property tax receipt from the portal.
Ans: Yes, shops are a type of commercial property which attract property tax. So, if you own a shop in Bangalore, you would have to pay a BBMP property tax on the same.
Ans: No, tenants do not face the liability for BBMP property tax online payment in Bangalore. The liability falls on the owner of the property.
Ans: When property owners register their property with the municipality, the property gets registered in the Khatha. So, Khatha is a database that contains the details of the properties registered with BBMP.
What is a Relinquishment Deed? – Meaning, Format, Documents, Benefits and ProcedureA property may have more than one heir. In case one of the property owners want to give up their sh... Read More »
Conveyance Deed – Meaning, Importance, Format and How to Get it?Conveyance Deed Meaning A conveyance deed is a contract that serves as a legal proof of transfer... Read More »
MCLR (Marginal Cost of Funds Based Lending Rate)Prior to 1st April 2016, if you went to a bank to avail of a loan, you would be charged an interest... Read More »
Best Banks and NBFCs for Home Loans in India – Interest Rates and EligibilityIf you are planning to buy a home, you must start comparing the interest rates and loan repayment t... Read More »
Home Loan Interest Rates in India 2023 – EMI and ChargesWith RBI increasing its repo rate to 6.50%, lenders have increased their home loan interest rates t... Read More »
NBFC Home Loans: Complete List, Interest Rates and How to ApplyWith more NBFCs or Non-Banking Financial Companies launching loan apps, it has become easier for po... Read More »
Best Home Finance Companies (HFCs) in India 2023Housing Finance Companies (HFCs) are Non-Banking Financial Companies (NBFCs) that specifically cate... Read More »
Get Home Loan In Dharwad – Interest Rates and How to Apply OnlineDharwad, located in the north-western part of Karnataka, is a developing industrial hub of the stat... Read More »
How to Apply for a Home Loan in Bangalore – Interest Rates and Eligibility CriteriaGetting a home loan in Bangalore wouldn't be too difficult if you have the repaying capacity and a ... Read More »
Home Loan Repayment Calculator – Best Ways to Repay Home LoansHome loan repayment (foreclosure) refers to the complete repayment of the outstanding loan amount t... Read More »
8 Home Loan Tips You Should ConsiderBuying a home is a dream come true for many. This is a crucial decision in someone’s life financi... Read More »
Tips to Consider Before Purchasing Your First HomeBuying your first home is essential, and emotional for many in India. It is one of the most sought-... Read More »
Top 10 Chit Fund Schemes in India in 2023Chit funds are one of the most popular return-generating saving schemes in India. It is a financial... Read More »
10 Best Gold ETFs in India to Invest in March 2023Gold ETFs or Gold Exchange Traded Funds are passively managed funds that track the price of physica... Read More »
10 Best Demat Accounts in India for Beginners in 2023Creation of Demat accounts revolutionised the way trades were conducted at the stock exchanges.&nbs... Read More »
20 Best Index Funds to Invest in India in March 2023What is an Index Fund? An index fund is a type of mutual fund or exchange-traded fund (ETF) that... Read More »
Best Arbitrage Mutual Funds to Invest in India in March 2023Arbitrage funds are hybrid mutual fund schemes that aim to make low-risk profits by buying and sell... Read More »
10 Best SIP Plans in India to Invest in March 2023What is SIP? SIP or Systematic Investment Plan is a method of investing a fixed amount in ... Read More »
10 Best Corporate Bond Funds in India to Invest in March 2023Corporate bond funds are debt funds that invest at least 80% of the investment corpus in companies ... Read More »
10 Best Bank for Savings Account in India 2023 – With Interest RatesSavings account is a type of financial instrument offered by several banks. It lets you safely depo... Read More »
All information is subject to specific conditions | © 2023 Navi Technologies Ltd. All rights are reserved.
Start Small. Dream Big.
Start your Investment Journey with just ₹10