Bruhat Bengaluru Mahanagara Palike (BBMP) is Bengaluru’s local municipal body that ensures infrastructural development to provide the residents residing under the limits of the body with improved living conditions. Just like in several other areas,
the BBMP property tax is also levied on all types of properties, be it residential or commercial, falling under its jurisdictions.
If the property is under BBMP limits, you can make a property tax payment online by following these simple steps:
The BBMP uses the Unit Area Value (UAV) system to calculate the property tax. The formula used to calculate the BBMP property tax is:
Property Tax (K) = (G - I) * 20% + Cess (24% of property tax)
G = X + Y + Z
If the property is within the BBMP limits, then a 20% property tax rate is levied on the gross unit area value, which includes tenanted, self-occupied, and vehicle parking area, multiplied by per sq. ft. rate fixed by BBMP based on property usage for 10 months. Next, subtract the depreciation amount and add the 24% cess on property tax and you will get the final value.
Below are the details of the different forms related to BBMP property tax.
Used by property taxpayers with a Property Identification Number (PID), which is a unique ID assigned to the property with clear details, such as ward number, street, and plot number
Used for properties that have Khata number instead of PID and have many khata certificates issued
This form is used when properties are without PID and Khata number, which means they are unauthorised/unlawful properties built without proper sanctions
Used for properties that do not have any changes or alterations in property details
Used for properties that have changes or alterations in built-up or addition of floors or changes from residential to non-residential
Is used when the property is exempted from payment of property tax
In Bangalore, the BBMP property tax rates differ based on the type of property. The below categories of property are subject to BBMP tax :
BBMP has classified residential properties into 6 zones.
The tax slab for commercial properties is as below
The BBMP property tax payment must be made every year by property owners. The tax period commences from April and ends
in March of the following year. The house tax needs to be paid before 30th April of every year.
For example, property tax for the financial year 2021-2022 should be paid before 30th April 2022.
On making the BBMP tax payment before the due date, the taxpayer can avail a rebate of 5%.
However, the rebate cannot be availed of if the house tax payment is made in more than one instalments.
Similarly, a late payment attracts a penalty in the form of interest of 2% per month.
Loan Against Property
Loan Against Property Interest Rate
Loan Against Property Balance Transfer
Loan Against Property EMI Calculator
SDMC Property Tax
EDMC Property Tax
NDMC Property Tax
Cash Reserve Ratio
MCD Property Tax
Last update on 11-Mar-2021
Get additional top-up loan with Loan against property balance transfer
Hassle free loan without additional documents
Now calculate your monthly instalments, EMI and rate of interest with LAP Calculator
Know about the fee and charges for Loan Against Property