BBMP to have uniform property tax system

BBMP to have uniform property tax system
Deccan Herald

The State government is planning to introduce a uniform property tax collection system based on capital value in the proposed Bruhath Bangalore Mahanagara Palike (BBMP).

The State government is planning to introduce a uniform property tax collection system based on capital value in the proposed Bruhath Bangalore Mahanagara Palike (BBMP).

With this, the existing annual rental value system of tax collection in the present Bangalore Mahanagara Palike (BMP) limits will go and the new system will be in. “We will have a uniform property tax system for the BBMP and there is no proposal to offer any concession to property owners under City Municipal Council (CMC) limits,” Bangalore District in-charge Minister R Ashok told Deccan Herald on Wednesday.

In fact, the government has been putting off the implementation of the Capital Value System (CVS) in BMP limits for the last three years, while it has been already implemented in all city corporations and municipalities, including seven CMCs and one TMC to be merged to form the BBMP.

BMP Special Commissioner Gaurav Gupta said that the plan was to implement the Capital Value System in BBMP and that discussions were on about fixing the tax rate and other minor details.

Under the CVS, property tax will be calculated on both the total property value (or guidance value) and the building value. A rate of tax will be fixed by the government — between .3 per cent and .6 per cent as per the existing rules — to arrive at the tax amount.

BMP Commissioner K Jairaj said that the property tax revenue from the CMCs and the TMC area could be increased from the present Rs 51 crore to nearly Rs 200 crore, if steps were taken to plug the leakage.



GREATER, GRANDER

Greater Bangalore, is not just about the size. The idea of merging seven CMCs and one TMC with the Bangalore Mahanagara Palike, also involves an extensive makeover to the City’s development blueprint, its resources, its administration and its people’s identity.

Starting today, Deccan Herald will host experts and trace out their vision maps for the new, improved Bangalore. What are the BMP mistakes you want corrected in your new City? We will pass on your grievances, apprehensions and suggestions on Greater Bangalore to the departments concerned.

Send in your views to the Editor, Deccan Herald, 75, MG Road, Bangalore - 560 001 or email:

editor@deccanherald.co.in