The Simplest Way To Pay BBMP Property Tax

Property owners in Bangalore are bound to pay BBMP property taxes to the State Government. Read on to know the simplest way to pay BBMP property tax.

Earning an amount and owning a property comes with a cost, paying tax. If you are a property owner you need to pay taxes. Property tax is the money that has to be paid by the property owner for their assets. If you are a resident of Bangalore then you must be familiar with the term BBMP.

This organisation is in charge of maintaining public services and making sure the city functions as it should, by collecting property taxes. It can be difficult to figure out what taxes to pay, how to pay them, and where to pay them. But before learning about the ways of making the payment let’s discuss to Pay BBMP Property Tax.

What Do You Mean By BBMP Property Tax?

BBMP stands for Bruhat Bengaluru Mahanagara Palike. It is a municipal body that is responsible for any kind of civic amenities and a few infrastructural properties of Bengaluru. They are the 4th largest Municipal Corporation in India and have a huge list of duties. All of Bangalore’s residents are under the control of the BBMP.

The BBMP is responsible for health, zoning and building laws, cleanliness, licensing, trade, and education. You are bound to pay BBMP property tax if you own properties like – a residential or commercial independent building, an apartment, a flat, godown, a shop, factories, or any vacant plot of land. Whether you live there or not, whether you have leased it, rented it out, or allowed others to use it for free, you must pay property tax. If the property is registered in your name you have to pay property tax.

What Are The Factors That Determine BBMP Property Tax Calculation?

The property owner’s overall property tax obligation is determined by several factors which are listed below:

• The property’s geographical location and dimensions or size.
• It also depends on gender, if the property owner is a female.
• If the property or asset is under construction or is already finished.
• Senior citizens may be eligible for discounts.

How Property Tax Is Calculated?

learning about calculation is crucial when you want to Pay BBMP Property Tax. For property tax calculation, BBMP uses the Unit Area Value (UAV) system. According to the property’s nature and location, the unit area value is based on the anticipated return from the asset. Understanding the zone where your property is located is necessary before you can compute your taxes such as the car parking zone. Now to calculate the property tax you will need to follow the given formula, that is,

K(Property tax)= J( Net unit area value of the property) * 20%, and

J=G- I, where

G= T+S+C and I= (G * H)/100

G= Gross unit area value

T = (Tenanted area) * (rate of property per square feet) * 10 months

S = (Self-occupied area) * ( rate of property per sq.ft.) * 10 months

C = (Car parking area) * ( car parking area rate per sq.ft.) * 10 months

= Depreciation rate in percentage

= Depreciation amount

= Net unit area value of the property

On the official website of BBMP, you will find an option called property tax calculator. This feature helps the residents of Bangalore to calculate the BBMP Tax and Pay BBMP Property Tax online.

How To Pay BBMP Property Tax in Bengaluru?

The simplest way to pay BBMP property tax is to use two distinct methods, that is, online mode and offline mode.

Offline Mode

• Fill up the forms with correct information.
• Submit these filled-up forms and send them to the Bangalore One center, an ARO office, or a specific bank that has been granted permission to provide these services.
• The various banks that accept these forms are HDFC Bank, IndusInd Bank, IDBI Bank, Yes Bank, and Kotak Mahindra Bank.
• You can use cash to pay taxes up to ₹1000. But taxes exceeding this amount need to be paid in online mode. demand drafts should be made in the name of “Commissioner, Bruhat Bangalore Mahanagara Palike” or complete payments through debit or credit card.

Online Mode

• First, visit the official portal of BBMP property tax.
• Then you have to type your SAS application number or the PID and then click on ” Fetch”. Now the property details will be displayed.
• If all the information or details displayed on the screen is correct then click on the “Continue” option and you will be taken to Form 4.
• If you want to change any information like the region, or its occupancy, then check the box on the screen and select the “Continue” option before you are directed to Form 5.
• Make sure that all the details that are displayed in the form are accurate and then proceed forward to make your BBMP property tax online payment either in installments or in full. You can pay the tax through online payment methods or in the challan.
• When you select the online payment option, the page will direct you to pay with a credit or debit card or using net banking. And complete your payment.
• You can resume the payment here using the current SAS Application number if you have any issues making an online payment if the payment is not processed.
• Also, remember if you don’t pay by the deadline which is within 30 April, the authority will charge you interest at a rate of 2% per month on the taxable amount. You Can Know more about the Registration of Property from Experts.

How To Download A Tax Receipt?

Once you are done with the BBMP property tax payment, you can download the tax receipt online. Visit the official website of BBMP Property Tax and from there click on “Downloads”. Now using the drop-down menu choose your option. You will be able to print your BBMP property tax receipt, application, or challan from this page.

All you have to do is enter the application number or ID and the assessment year to view the file or document that you want to save or print. It takes 24 hours for the e-receipt to be accessible on the portal. By following this step or procedure, the residents of Bangalore will be able to download recent Bangalore tax receipts.

How to get BBMP PID number?

To obtain a new PID (Property Identification) number from BBMP (Bruhat Bengaluru Mahanagara Palike), follow these steps:

1. Visit the official BBMP website.
2. On the website’s homepage, look for the option labelled “GIS-based new PID” and click on it.
3. Scroll down to the bottom of the page and find the link that says “To Know your New PID, Click Here” and click on it.
4. You can apply for house registration or a Khata number through this portal.
5. For new projects, the PID number should be available on the BBMP website.
6. If you do not have a PID number, you can still pay property tax using your A Khata number.

These steps should guide you in obtaining a PID number through the BBMP website. Make sure to follow the instructions carefully to successfully acquire the PID number you need for property-related transactions and tax payments.

Due Date & Rebate for BBMP Property Tax

The property tax payment schedule provided by BBMP (Bruhat Bengaluru Mahanagara Palike) is as follows:

1. Property tax is applicable for a financial year (FY) starting in April and ending in March of the following year.
2. The due date for property tax payment is March 31 of the subsequent financial year. For example, for FY 22-23, property tax must be paid by March 2023.

The BBMP  also offers some payment incentives:

1. A 5% rebate on property tax is provided for those who pay the entire amount in a single instalment within the BBMP’s stipulated due date.
2. If the property tax payment is delayed beyond the due date, it will incur interest charges at a rate of 2% per month or 24% per annum.
3. Property owners also have the option to pay property tax in two instalments without incurring interest. However, in this case, the 5% rebate does not apply.

What Kind of Properties Attract Property Tax in Bangalore?

Property tax is regulated by the state government, and it is further administered by different municipalities, leading to variations in the criteria for assessment, calculation methods, and the procedures for payment.

For property tax assessment, various types of properties are typically included, such as standalone buildings (both residential and commercial), apartments and flats, shops, warehouses, vacant land, and more. 

Property ownership comes with its own set of complexities, and comprehending the nuances of property tax is crucial for individuals engaging in tax planning. For assistance, reach out to the BBMP tax experts at VAkilsearch right away!

What is the BBMP Property Tax Rate in Bangalore?

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. The property tax rates for six zones are as follows:

Zone A: Rs. 5 per sq. ft. for tenanted properties and Rs. 2.50 per sq. ft. for self-occupied properties.

Zone B: Rs. 4 per sq. ft. for tenanted properties and Rs. 2 per sq. ft. for self-occupied properties.

Zone C: Rs. 3.60 per sq. ft. for tenanted properties and Rs. 1.80 per sq. ft. for self-occupied properties.

Zone D: Rs. 3.20 per sq. ft. for tenanted properties and Rs. 1.60 per sq. ft. for self-occupied properties.

Zone E: Rs. 2.40 per sq. ft. for tenanted properties and Rs. 1.20 per sq. ft. for self-occupied properties.

Zone F: Rs. 2 per sq. ft. for tenanted properties and Rs. 1 per sq. ft. for self-occupied properties

Conclusion

Paying property tax is one of the major responsibilities of every citizen owning any property. With this tax amount, the BBMP gives all residents access to this standard of living, and they can cover the associated costs by collecting taxes.

So, it is important to pay the BBMP property tax within due time without fail. If you don’t want to get into the hassles of filing your BBMP property tax yourself, our legal experts at Vakilsearch can take care of all the processes and help you say goodbye to all your tax filing troubles.

FAQ

What are the benefits of paying BBMP property tax online?

Paying BBMP property tax online is convenient, saves time and allows for easy tracking of payment history.

Can I pay my BBMP property tax for multiple years in one go?

Yes, property owners can pay their BBMP property tax for multiple years in one go.

Is it mandatory to pay BBMP property tax through Challan?

No, it is not mandatory to pay BBMP property tax through Challan. Property owners can pay their property tax online or offline.

What are the consequences of not updating my BBMP property tax records?

Failure to update BBMP property tax records can result in incorrect tax assessments, penalties and legal action.

Are there any online tools to help me check my BBMP property details?

Yes, the BBMP website provides an online tool to check BBMP property details.

What documents do I need to check my BBMP property tax online for the year 2023-24?

Property owners need their Property Identification (PID) number to check their BBMP property tax online for the year 2023-24.

How can I avoid late fees when paying my BBMP property tax for 2023-24?

Property owners can avoid late fees by paying their BBMP property tax before the due date, which is March 31st of every year.

Can I find my BBMP PID number on my property documents?

Yes, property owners can find their BBMP PID number on their property documents.

Are there any penalties for not paying old BBMP property tax dues?

Yes, there are penalties for not paying old BBMP property tax dues, which can include interest and legal action.

Is there a way to retrieve my BBMP property tax application number if it's lost?

Yes, property owners can retrieve their BBMP property tax application number by visiting the BBMP website and entering their property details.

Can I raise a complaint in regard to the payment online?

Yes, property owners can raise a complaint regarding BBMP property tax payment online by raising a ticket under the Grievance section on the BBMP portal.

 

Read more:-

• Understanding BBMP Property Tax In Detail
• Understanding Professional Tax in India
• File Income Tax Returns Before the Due Date