Property Tax Online Payment Steps in Bangalore - FY 2024-25

All about BBMP Property Tax

BBMP Property tax also known as the Bruhat Bengaluru Mahanagara Palike Property Tax is a tax that is directly imposed by Karnataka State Government and collected through local bodies. In this blog, we will delve into understanding Property Tax Payment and the steps to pay the tax online.

Understanding BBMP Property Tax

Before diving into the payment process, it's crucial to understand what BBMP property tax entails. BBMP, the municipal corporation in charge of Bangalore's civic infrastructure, imposes property tax on all properties within its jurisdiction. This tax serves as a vital source of revenue for the city's development and maintenance projects.

Importance of Paying Property Tax

Paying property tax is not only a legal obligation but also a civic responsibility. It contributes to the overall improvement of infrastructure, sanitation, and public services in Bangalore. Additionally, timely payment helps property owners avoid penalties and legal hassles.

Step-by-Step Guide to Pay Property Tax Online

With the advancement of technology, BBMP has streamlined the property tax payment process by introducing online payment options. Here's a step-by-step guide to paying property tax online for property in Bangalore for the fiscal year 2024-25:

1. Visit the BBMP Official Website

Begin by visiting the official website of the BBMP. Look for the property tax payment section, usually located under the 'Services' or 'Online Services' tab.

2. Login or Register

If you're a new user, register on the website by providing necessary details such as property identification number (PID), owner's name, and contact information. Existing users can log in using their credentials.

3. Select the Property Details

Enter your property details accurately, including the property identification number (PID) or khata number. Verify the information to ensure its correctness.

4. Calculate Property Tax

The website will provide a calculation of the property tax amount based on factors such as property size, location, and usage. Review the calculation to ensure accuracy.

5. Choose Payment Method

Select your preferred payment method from the options available, such as debit/credit card, net banking, or mobile wallet

6. Make the Payment

Follow the prompts to complete the payment process securely. Once the payment is successful, you will receive a confirmation message or email.

Six Available Forms for Property Owners to Pay Property Tax

BBMP offers various forms for property owners to facilitate the payment process. These forms cater to different categories of properties and taxpayers, ensuring convenience and compliance. Some common forms include:

1. Form I: For residential properties.

2. Form II: For non-residential properties (commercial, industrial, etc.).

3. Form III: For newly constructed properties.

4. Form IV: For properties with additional constructions or alterations.

5. Form V: For properties eligible for concessions or exemptions.

6. Form VI: For properties owned by government agencies or institutions.

Property Tax Payment Timeline

It's essential to be aware of the property tax payment timeline to avoid penalties or late fees. In Bangalore, the typical timeline for property tax payment is as follows:

• April-May: Notification of property tax assessment.
• June-July: Issuance of property tax bills.
• July-March: Payment window for property tax.
• April 1st: Start of the new fiscal year and assessment cycle.

Property owners are encouraged to pay their taxes within the specified timeline to avoid any inconvenience or additional charges.

BBMP Property Tax Payment Calculation Formula

The calculation of BBMP property tax follows a standardized formula based on the property's dimensions, location, and usage. While the exact formula may vary slightly, the general formula includes factors such as:

• Built-up area: Square footage of the property.
• Unit area value: Fixed value per square foot determined by BBMP.
• Property type: Residential, commercial, industrial, etc.
• Age of the property: Depreciation factor based on the property's age.
• Usage factor: Additional charges for specific amenities or facilities.

Property owners can use online calculators provided by BBMP or consult with tax officials for accurate assessment and calculation of property tax. The formula used to calculate property tax is:

Property Tax= (G-A)*20%+Cess(24% of the Property Tax)

Here G is the Gross Unit Value, A is the depreciation amount. The formula of depreciation amount is (G*H)/100 where H is the percentage of the depreciation rate which is calculated on the age of the building.

Conclusion

Navigating the process of property tax payment in Bangalore can seem daunting, but with the online facilities provided by BBMP, it has become more convenient than ever. By following the steps outlined above and staying informed about the property tax timeline and calculation formula, property owners can fulfill their obligations efficiently while contributing to the city's development.