Karnataka Property Tax

The Karnataka land tax is charged to people that purchase land within the town . Bangalore has attracted many people across India. people that own a property in Bangalore should pay the land tax once a year to the Bruhat Bengaluru Mahanagara Palike(BBMP). Nowadays paying a properties tax is additionally simple and will be done online. albeit the property is vacant still landowner must pay tax.

BBMP Tax payment must be done once a year . you’ll be eligible for the discount of 5 on if you pay your land tax during one instalment before the maturity recommended by the BBMP. On the opposite hand, delaying your land tax payment will see a rate of interest of twenty-two charged to you per month. If you’d wish to avoid interest then you’ll also pay your land tax in two instalments but doing so won’t qualify you for a reduction . you’d wish to form sure that it’s paid by 30 April. one of the foremost elements of the Taxation process in Karnataka could even be A Khata and B Khata or BBMP Khata.

The tax period begins in April and ends in March of subsequent year. If you’ve land tax due for FY 2019-20, you’d wish to form sure that it’s paid by 30 April 2020.

Kinds of properties attract the land tax in Bangalore:

Mentioned below are the properties that are being charged land tax in Bangalore
1. Residential houses
2. Factory buildings
3. Office buildings
4. Godowns
5. Shops
6. Flats

As already discussed you’ll also pay land tax online. Below are some simple steps to pay BBMP Properties Tax Online:

Visit the BBMP land tax portal
Enter the Property number or SAS Application Number and click on on on ‘fetch’. By doing so display all the knowledge regarding the landowner.
Hit ‘proceed’ just just just in case the small print displayed on the screen are correct and need no changes. Doing so will redirect you to fill Form IV.
If any changes got to be made to the property, like property usage, occupancy or built-up area, click on the box on the screen and hit ‘proceed’. Doing so will take you to fill Form 5.
Make sure that the knowledge that has been pre-filled is correct.
When you select the web payment option, you’ll be redirected to the payment page where you’ve to pick the payment mode through debit/credit card or net banking.

In Bangalore, counting on the category the land tax rate differs. The BBMP land tax collection target for the year 2020-21 from quite 18 lakh properties was Rs.3,500 crore.