Property Tax in Bengaluru

Bengaluru Property tax will soon be integrated with Geographical Information System (GIS) with the efforts of Bengaluru Mahanagra Palika (BMP). They have really assisted the people to do property tax search online. The revenue sector of municipality handled the property tax matters. BMP to further help public has initiated an online service for Property tax payment in Bengaluru, which has the facility of making payment through credit card. To handle all the matters related to property tax in Bengaluru e Governance in BMP has been established that looks after all the matters related to tax.

The website on Property tax is both in English and Kannada. Bengaluru Mahanagra Palika has allotted ID number for every property. Property Identification Numbers (PID) has made the work of estimating and collecting property tax in Bengaluru very swift and trouble-free. PID consists of Ward number, Street number and the Door number of property and is a unique for every property. You can also get your PID number in website and can get information on your property details.

Property tax rates in Bengaluru are ward-wise and street-wise. Tax rates depend on the value of the property. From 1 April 2007 the property tax rates in city have changed. The appeal against the same can be made to the committees under DC and the Center Valuation Committee under the Inspector General of Registration and Commissioner of Stamp. There is a complete change in Property tax assessment, collection, title transfers etc. Property tax assessments are based on Capital Value System, main roads, residential layouts etc.

The Capital Value System calculates property tax as a percentage of the property's guidance value. A new system for property tax assessment has been developed by BMP that provides the facility of self-assessment of property tax.

For taxation purposes both self-occupied and vacant properties are taken in account. Although tax system in Bengaluru has transformed a lot yet there are many properties, which are un-assessed in Bengaluru. As Bengaluru has become an IT hub, the city greets many outsiders every year for job. With time some get settle down there and thus increasing the number of taxpayers. This is one of the major reasons why many properties are not still assessed in the city. With this many disputed properties are also underassessment. People can always go for property tax appeal in case they are dissatisfied.

To handle grievances more efficiently and professionally of public related to property tax matter an attempt has been made by BMP in this stream of property tax in Bengaluru. People can now submit their queries online that will be handled as soon as possible by the concerned officer.

Any person who does not have access to Internet can file his complaint on telephone or in person in BMP Office. As numbers of taxpayers are increasing everyday in Bengaluru, many consultancy services in property tax matter have emerged in recent years. Property tax consultants help people, who give full legal advice on the matters of assessment, appraisal of property, deduction and let you know completely even the minutest detail on property tax matter. Even property tax calculators are available online to calculate the amount of tax t o be paid. With the efforts of Municipal Corporation the arduous work of paying and calculating property tax has simplified to a greater extent in Bengaluru. For further detail you can check the official website of Bengaluru.

Website: http://www.bmponline.org/