property tax

As usual, property tax payment procedures have run into problems this year too. Collection started on April 1; those who pay before April 30 will get a rebate of 5% on the tax. But with poorly organised collection procedures, tax payment is getting delayed for many. For one, adequate number of forms was not available in the Citizen Service Centres (CSCs) where tax has to be paid. Many people, including senior citizens, had to make repeated visits to procure forms. Though Bangalore One centres were supposed to collect taxes, this has not been arranged yet. Currently tax can be paid…

Citizens Action Forum (CAF), a federation of Residents Welfare Associations (RWA) in Bangalore, held a meeting on Saturday February 19, at the Central College Senate Hall at which three issues were tabled for discussion – the move  by BBMP to hike property tax by 15 per cent, water supply, and  the garbage problem. CAF meeting. From L: M S Mukunda, B N Vijaykumar, Manjunath, Lalithabai, Ashwathnarayana, Venkat Raju and Govindraju. Pic: Meera K. A full house saw representatives of RWA and concerned citizens voice their opinions on these issues to seek responses from ward representatives and MLAs. What remained at…

By mid-April I was becoming allergic to the calendar. “Don’t look at the date”, I told myself. The April 30th deadline for paying property tax was approaching. "There are no forms available at the Sanjaynagar centre yet", said a friend.  "I downloaded the form but they refused to accept it because it doesn’t have the acknowledgement form," said another (Why doesn’t it have an acknowledgement form? Good question.)With just a week left, I decided to pay up, and “be done with it”. That morning’s newspapers said some Assistant Revenue Officers (ARO’s) were being authorised to collect property tax. So I…

IT has been announced recently for the collection of tax for the year 2010-11 with a rebate of 5% only upto 30th April 2010.This period being the bottleneck of the year, where previous years dues of loan, interest etc would have been paid by 31st March. The burden of children education, holiday expenses ( either you have to move out or relatives move in), the current cost of essentials - food and vegetables, etc. which are unavoidable to be postponed and has to be met.In many cases, contributions to the recently held elections have also been met by many indirectly,…

Now that most of us have paid the property taxes for the year 2008-09 by filling the appropriate form (From I-for properties with PID no./ Form II-for properties having only KATHA no./ Form III-for properties with neither PID nor KATHA no.), it is time to start paying the taxes for the current year. A small quantum of forms have reached the Help Centres and are of two different types – White (Form IV) in bilingual & Blue (Form V)For properties, where there is no change in any field – either in CATEGORY (rented out/non-residential), or DIMENSIONS (Any addition/deletion to the…

The BBMP has recently decided and communicated its method and metrics for property tax collection from Bangaloreans. The reclassification of tax zones has led to an increase of at least 33 per cent for all properties whose zonal classification has changed. And the new tax policy keeps revising once every 3 years, with a mandatory 15 per cent increase. The Citizens Action Forum of Bangalore is taking objection to the new scheme.BackgroundProperty Tax has been bothering the citizens of Bengaluru for more than a year now. And even after a year the confusion has not lessened. Probably what has changed…

Here below is the simple, safe and sure declaration of paying property tax.1. Purchase an application at the area Revenue office, priced at Rs.5/- one each for different properties (In case of more properties - one for each corporation number)2. Purchase one Hand Book priced at Rs.20/-3. Demand an Appendix to hand book (Zone Classifications) of your area.4. Go through the same calmly and understand the columns.5. Measure your property in British system (Feet / Inches) - Note down the dimensions.6. Differentiate the area as per year of construction, if constructed at different periods.7. Differentiate the area as per the…

  Now here is an Example Suppose you have a property in the city that fell into tax Zone E, your tenanted area is 450 sq ft and self occupied area is 950 sq ft then following will be your tax calculation: Gross Unit Area Value - Rs 22200.00 Depreciation Amount -  Rs 5328.00 (the depreciation is of 24 per cent) Net Unit Area Value - Rs 16872.00 Property Tax - Rs 3374.40 Cess (24 per cent) - Rs 809.86 Total Property Tax - Rs 4184.26 Rebate of 5 per cent - Rs 3975.00 (If paid in full on or…