An order has been issued by the country’s largest municipality regarding property tax. The local body has said that if anyone does not pay property tax from April 1, a 100 percent penalty will be imposed on him from April 1. Let us also tell you which city this matter is about.
If you too live in Bangalore and have not paid the property tax yet, then pay it soon. After that, i.e. from April 1, you may have to pay a penalty of 100 percent. According to media reports, the Greater Bangalore Municipal Corporation (BBMP) is going to impose a 100 percent penalty on all unpaid property taxes from April 1. A penalty equal to the pending tax amount will be levied on unpaid property tax, along with an interest rate of up to 15 percent per annum, making it mandatory for property owners to pay before the penalty system comes into effect on April 1?
Order of Special Revenue Commissioner
This stringent penalty structure is being seen as part of the Bruhat Bengaluru Mahanagara Palike’s efforts to collect outstanding taxes for the 2024-25 fiscal year. According to reports, Special Commissioner of Revenue Munish Moudgil has directed zonal officers to take immediate action to recover dues before the penalty comes into effect. So far, the BBMP has collected Rs 4,604 crore, which is 88.4 per cent of the target. However, many properties still have dues, with Mahadevapura, East and South zones having the highest number of defaulters.
The government made changes in the Act
Moreover, the Karnataka government recently amended the BBMP Act, reducing the penalty on the outstanding amount from double to equal amount, with a penalty of Rs 100 for a year. However, this temporary relief is ending on March 31, leading to a sense of urgency among property owners to get the tax recovered immediately.
People are being urged
The BBMP has already started taking strict measures, including seizing and auctioning properties, to recover outstanding taxes. As the deadline approaches, the local body is urging residents to pay their dues on time to avoid accumulating higher penalties and interest charges.
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