Bbmp property tax 2023-24 last date

BBMP Property Tax is a local tax levied by the Bruhat Bengaluru Mahanagara Palike (BBMP) on owners of residential and commercial properties in Bengaluru. The tax is used to fund the development of infrastructure and public services in the city. The tax is calculated based on the property’s annual rental value and applies to all properties in the BBMP jurisdiction. In this article, we will discuss what BBMP Property Tax is, how to calculate it, its benefits, how to register for it, the deadlines for payment, and how to make the payment. • • • • • • • • • • • • • • • • • What is BBMP Property Tax? BBMP Property Tax is a local tax levied by the Bruhat Bengaluru Mahanagara Palike (BBMP) on owners of residential and commercial properties in Bengaluru. The tax is calculated based on the property’s annual rental value and applies to all properties in the BBMP jurisdiction. The tax is used to fund the development of infrastructure and public services in the city. People Also Read: How to Calculate BBMP Property Tax? The BBMP Property Tax is calculated based on the property’s annual rental value. The annual rental value is determined by considering the property’s size, location, and amenities. The tax rate for residential properties is 0.45% of the yearly rental value, while the tax rate for commercial properties is 0.90%. People Also Read: Benefits of Paying BBMP Property Tax Paying BBMP Property Tax has several benefits. It helps to fund the development of infrastructure and publ...