How to Pay Property Tax in Bangalore?: Property tax, often known as home tax, is a local tax paid by municipal governments to fund the upkeep of essential civic services in your community. The city has been divided into A, B, C, D, E, and F zones for 2016-17. Bangalore property taxes are due on April 1, 2021, and must be paid by April 30, 2021. If you pay before April 30, 2021, you will receive a 5% discount. This article summarizes Bangalore’s property tax, as well as information on how to pay property tax in Bangalore online for the fiscal year 2021-22, and frequently asked questions about Bangalore’s property tax.
If you pay your whole property tax bill before May 30 each year, you are entitled to a 5% discount. If you choose to pay in two installments, you will not be charged interest on the first installment if paid by May 30 and the second installment if paid by November 30 of each year.
Check to see whether the system has updated your information and if there are any outstanding balances on your account. If there are any mistakes, have them fixed right away.
Calculation of tax: For the 2015-16 fiscal year, a property with a total built-up size of 4,680 sq ft paid property tax of Rs 76,047, which was increased to Rs 1,22,825 for 2016-17 fiscal year, a tremendous 61.51 percent increase. However, because of the 5% rebate and the BBMP’s decision to limit hikes to 20% and 25%, the property owner will only have to pay 95,059, saving him Rs 27,766.
How to Online Pay Property Tax?
The easiest way to pay your property tax is to do it online at the BBMP website, using a credit or debit card, or through internet banking. (https://bbmptax.karnataka.gov.in/)
- Your property information can be retrieved using your Base Application Number or Property Identifiers (PID). If you have already paid your property tax using your Sas Base Application or PID NUMBER, you might make a payment online for your property tax.
- A one-time password (OTP) is received. Fill in the blanks.
- Select ‘Retrieve’ from the drop-down menu. After you’ve done that, the property’s owner’s name appears on the screen.
- Select ‘Confirm’ from the drop-down menu.
- Check the information attentively before proceeding to the payment.
- Choose the method of payment that you want to use.
- Click ‘Downloads’ on the BBMP Property Tax portal. From the drop-down menu, choose your selection. This page allows you to print the receipt, Challan, or application. To access the document you wish to print or save, you must first input the assessment year and application ID.
What To Do If You Get Form V Instead of Form IV?
Is it possible that you’re getting the form V rather than the form iv? This is happening to a lot of folks. The suggested remedy is to go to Form 5, replace Form 5 with Form 4 in the displayed URL text, and then make the payment as described below.
Form V: All applications that generate Show Cause Notices, Demand Notices, or Demand Notices for Zonal Classification Mismatches are redirected to submit returns using Form-V for later payments for appropriate modifications.
- Retrieve your account information from https://bbmptax.karnataka.gov.in/.
- A one-time password (OTP) is received. fill it in
- Form 5 is opened in the third step. Look for the word “5New” in the URL and replace it with “4NEW.”
- Form 4 is displayed.
- If you follow the steps in the correct order, it should work.
Property Tax in Bangalore
- The fiscal year 2021-22 begins on April 1, 2021, and ends on March 31, 2022.
- If you have already paid your property tax at least once, you can submit a payment using your SAS APPLICATION NUMBER or PID NUMBER for the year 2008-09 or later. Please be patient if you are paying your property tax for the first time. Ward numbers, street IDs, and new plot numbers allocated to various properties are contained in PIDs or Property Identification Numbers.
- Property taxes can be paid online or at specified bank branches, which can be found on the BBMP Tax website. If the structure of the property changes, the application must be updated with the required additions or deletions. You can generate a challan once all of the entries are complete. The Challan, along with the return, must be used for paying the property taxes at any Canara Bank branch around the jurisdictional area.
- At BBMP help centers and zonal offices, no payments will be accepted.
- Property tax can be paid in two installments: the first installment is interest-free if paid by May 30, 2021, and the second installment is interest-free if paid by November 29, 2021.
- If the total BBMP Property Taxes for the current year are paid before April 30, 2021, a 5% rebate is available.
- If the property tax (for the first half-year) is not paid before May 31, 2021, a monthly interest rate of 2% will be levied.
- Based on the Department of Stamps and Registration’s stated guide value, the BBMP’s jurisdiction has been divided into six value zones. The city has been divided into zones A, B, C, D, E, and F.
- If the previous year’s property tax return has not been filed, the current year’s property tax must be accompanied by the previous year’s return and dues, if applicable. If you’re paying for previous years (arrears payment), you’ll need to generate a challan for each preceding year first.
- If you default on a payment, the system calculates interest at a rate of 2% per month for the defaulted period automatically.
- If you pay by DD or CASH, you will receive a receipt immediately. However, a receipt can be generated for cheque payments only once the cheque amount has been realized.
Calculation of Property Tax in Bangalore
The Unit Area Value technique is used to compute property tax in Bangalore. The Annual Rateable Value (ARV) system was replaced by the Unit Area Value (UAV) scheme.
Unlike the ARV, based on the property’s expected rent, the Unit Area Value is based on the property’s projected returns, which vary depending on its location and use. This technique of property assessment is known as the “Unit Area Value” approach because the unit of computation is based on each square foot per month (UNIT) and for a specific location, street (AREA), and multiplied by a rate (VALUE).
The BBMP plans to create a property tax system based on the Capital Value System. Owners will be taxed depending on the property’s capital worth.
The following is the formula for calculating property tax:
Property Tax {K} = (G – I) * 20%
Here, G = X + Y + Z; and I = G * H/100
- G = the value of a gross unit area.
- X = Property’s leased area * Property’s per sq ft rate * 10 months
- Y = Property’s self-occupied area * Property’s per sq ft rate * 10 months
- Z = Vehicle parking area * Vehicle parking area per sq ft rate * 10 months
- H = Depreciation rate in percent (depends upon the age of the property).
PID Number
The PID (Property Identification Number) is a number that identifies that Each BBMP property was issued a new GIS-based PID number in 2012. The PID Number is made up of three numbers: Ward, Street, and Plot. Each street has been assigned a unique street number, and each property has been allocated a property number.
Go to the BBMP’s official website and click on “Citizen Services.” You will be taken to a new page to select the ‘GIS-Enabled Property Tax Information System’ option. Register using your first and last names, as well as your phone number. The property associated with your phone number will be displayed on the map. If your mobile number is not listed there, you can enter your old payment Application ID, and your new PID number will appear.
Ward number, new street ID, and newly assigned property number will all be included in the PID. Please follow the steps in the video to discover your PID number. PID or Khata number, SAS 2008-2009 and 2011-2012 application numbers, receipt, and date are necessary to complete the form.
Zones for Property Tax in Bangalore
The city has been divided into zones A, B, C, D, E, and F. Zone-A would have a guideline value of Rs 7000 per sqft or more, while Zone-F would have a guideline value of Rs 1,000 per sqft or less. Roads are classified by zone, subdivision, and ward on this website. Below is an excerpt from the book. By selecting Residential or Non-residential, you will be taken to a pdf file that contains information about Wards and Streets, as seen below.
| l. No. | Zone | Sub-Division | Ward Number & Name | Zonal Classification | |
| 1 | West | Chickpet | 109 – Chickpea 120 – Cottonpet 121 – Binnypet |
Residential | Non- Residential |
| 2 | West | Gandhinagar | 77 – Dattatreya Temple 94 – Gandhinagar 95 – Subhash Nagar 96 – Okalipuram |
Residential | Non- Resident |
A portion of the Residential Zonal Classification Document is reproduced here. So, Zone B includes Outer Ring Road Bellundar, which has a guidance value of Rs 5001 to 7000, and Zone C includes Ambalipura Village, which has a guidance value of Rs 3501 to 5000.
FAQ’s on Bangalore’s Property Tax
Question 1.
Should the super built-up space or the carpeted space of an apartment be considered?
Answer:
The measurement specified in the schedule to the sale deed must be taken to maintain the measurement aim, as this is incontrovertible proof. Carpet areas are always a source of misunderstanding between taxpayers and the BBMP and should be avoided. The measurement specified in the schedule of the sale deed must be taken to maintain the measuring aim, as this is incontrovertible proof. The overall size must not, however, be less than the area specified in the occupancy certificate.
Question 2.
Has Bangalore’s property tax increase in the fiscal year 2016-17?
Answer:
The last time property tax rates were changed was in 2008 when they were based on 2007 guideline value values. Since then, advisory values have been updated three times, but tax rates have not, according to the BBMP. According to the Karnataka Municipal Corporation Act, property taxes in Karnataka can be increased once every three years. However, it has not been updated since 2008. After six months of debate at various levels, it was finally decided to raise the tax on residential properties by 20% and non-residential buildings by 25%, taking effect from April 1, 2016.
As a result, it is usual for the tax to increase throughout revision. According to current rates for tenanted residential properties, the Unit Area Value (UAV) for Zone E is Rs 2.40 per sqft per month. In Zone A, the proposed UAV for similar categories is Rs 6. This would result in a 150 percent increase in the tax for a residential property moving from Zone E to A.
The jump in zonal classification has been limited to the next higher zone to ensure that the taxpayer is not harmed by more than one jump.
Question 3.
What are some complaint helplines to help the residents get their issues resolved?
Answer:
Yeshwanthpur (080 22660000) has a central control room with ten open lines from 8 a.m. to 8 p.m. There are also revenue officers from all of the city’s zones working in two shifts to assist individuals by providing the appropriate solutions to their problems.
Problems can be reported to the BBMP at:
- Email-Id = contactusbbmp@gmail.com
- Deputy Commissioner, Revenue BBMP = 080-2297-5555
- Phone = 080-2266-0000
- WhatsApp = 94806-85700