The Bruhat Bengaluru Mahanagara Palike (BBMP) is responsible for administering the city of Bengaluru. The BBMP collects property taxes and other fees from residents and businesses in the city.
Property tax in Bengaluru is based on a system of rates. There are three main categories of property: residential, commercial, and industrial.
The Bruhat Bengaluru Mahanagara Palike (BBMP), is responsible for the administration and management of a vast range of municipal services in the city of Bangalore. Among these are the provision of street lights, public parks and gardens, waste management, building control, and water supply.
The BBMP Property Tax is levied on all residential, commercial and industrial properties within its jurisdiction. The tax is based on the value of the property as assessed by the BBMP. The BBMP Property tax is payable by the owner or tenant of the property, whichever has title to it. The tax is collected by the BBMP through property taxes and penalties. The BBMP remits 100% of its income from this tax to the State Government.
The benefits that accrued to an individual as a result of paying property taxes can be summarised as follows:
In order to determine your property’s exact assessed value, the first step is to identify your property’s type and size.
Another way to calculate property taxes is by using a market assessment list. This list represents properties that are currently for sale or have been sold within the past two years. The assessed value on this list is based on what someone would be willing to pay for the property, not what it actually costs the BBMP to assess it.
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