BBMP Property Tax Rates 2024 - 2025

Check these steps to pay BBMP property tax online:

These following properties are subject to BBMP taxes:

• Residential houses (occupied or rented out)
  
• Commercial buildings
  
• Office buildings
• Flats
• Godowns
• Shops

The prevailing rates of BBMP Taxes are presented in a tabular format below.

The BBMP house tax calculation formula is –

Property Tax (K) = (G – I) x 20% + Cess

Here, G = X + Y + Z

Also,

G is the Gross Unit Area Value

X is the tenanted property's area × rate of property/sq ft. × 10 months

Y is the self-occupied area × rate of property/sq ft. × 10 months

Z is the area for vehicle parking × rate of parking area/sq ft. × 10 months.

H is the depreciation rate (based on the property's age)

I = Depreciation amount

BBMP Property tax is equivalent to 20% of the property's total area multiplied by per square ft. rate fixed by BBMP based on property use for 10 months Subsequently, the depreciation allowed by BBMP is reduced, and the cess on property tax is added to obtain the tax amount.

Take a look at this example below to gain clarity on BBMP property tax calculation –

The rate of a three-year-old apartment in Zone D would be Rs. 3.20/sq ft. in case of being rented out, Rs. 1.60/sq ft. in case of being self-occupied, and Rs. 0.80/sq ft. for a vehicle parking area. Based on the property's vintage, it depreciates at the rate of 3%.

Based on the available information –

X equals to 0 x 3.20 x 10 =0 (Since the property in question is not rented out)

Y equals to 1400 x 1.60 x 10= Rs. 22400

Z equals to 150 x 0.80 x 10= Rs. 1200

G equal to (X+Y+Z) = 0 + 22,400 + 1200= Rs. 23600

I equals to (G x H) /100 = (23,600 x 3)/100 = Rs. 708

As per the formula,

(K) = (G – I) x 20% + Cess

K = G – I x 20% = 23,600 – 708 x (20/100) = Rs. 4578.40

Cess (24%) on the tax amount,

Rs. 4,578.40 x (24/100) = Rs. 1098.82

Therefore, the total property tax amount stands at

Rs. (4,578.40 + 1098.82)

Rs. 5677.22

BBMP property tax payment due date & rebate

30th April is the due date for paying the BBMP property tax. The tax can be paid in 2 installments. Note that paying the property tax before 30th May of every year makes you eligible for a 5% rebate. Similarly, the second installment of tax payment can also be tax-free if paid by 30th November. On the other hand, paying taxes after the scheduled deadline will attract a monthly interest of 2%.

Important things about BBMP property tax payment

Bruhat Bangalore Mahanagara Palike Tax, or BBMP property tax, is a tax that Bangalore homeowners are obligated to pay. It is collected to maintain basic civic facilities and sanitation. Below are some of the key things to remember in relation to BBMP property tax payment.

• If an individual has not filed the previous year’s property tax report, he/ she must file it with the return and dues (if applicable) in addition to the current year’s property tax

• Every property that comes under the purview of BBMP has a unique GIS-based property identification (PID) number. It is a combination of a taxpayer’s ward, street, and plot numbers

• Property taxpayers will not be able to report depreciation for FY2017-2018 and FY2018-2019. Note that depreciation can be claimed only once during a block period, i.e., 2016-17 to 2018-19

• The built-up area of a property should exclude open car parks or vehicles parked in verandas. Any area that is occupied by vehicles or open car parks should not be included in a property’s built-up area

• Individuals who own a property that is neither rented out nor self-occupied can declare it as self-occupied and compute the tax payable accordingly

• Individuals who have already paid property tax at least once can use their PID number or SAS base application number to pay BBMP property tax online

• If a taxpayer has filed any revised return for a year, he/ she has to file the current year’s return on the basis of the revised return

• If the construction of a property is completed before October 1st, an individual has to pay tax for the full year. Nevertheless, if construction is completed after October 1st, a taxpayer has to pay the tax amount for only the second half of this year

• Taxpayers who pay the entire amount via a single installment get a 5% discount on the amount that is due

• Individuals are liable to pay tax for the vacant land if they have demolished a property. However, note that one does not need to pay BBMP property tax for a vacant site that is less than 1000 square feet

• In case an individual has paid property tax in advance, and there’s a balance even after adjusting the taxes of the previous years, the amount will be refunded by the municipal corporation to the concerned taxpayer via cheque or demand draft

• Individuals can choose to pay the tax levied on a property in two ways. They can pay the entire amount due in one go. Alternatively, they can pay the amount via two installments which are payable semi-annually

• In case a taxpayer fails to pay tax within the due date, a 2% penalty is levied from the next day on a monthly basis. Hence, to avoid paying additional charges, one must make sure to pay the tax amount within the due date
  

• If an individual pays property tax via two installments, he/ she has to use the same form while paying the second instalment. Note that if an owner fails to pay BBMP property tax for a property, the occupier will be liable to pay the tax amount that is due

Take note of these points to streamline BBMP property tax payment.

Know how to pay your property tax online

Discover the streamlined process of paying property taxes online in various cities with ease and convenience. Click on any of the links below to know more.