BBMP plans property tax hike BBMP may hike property tax rates anywhere between 15 to 30 percent this financial year. This plan comes soon after a power tariff hike and a proposed water tariff hike in the city. S P Hemalatha, Chairperson of the BBMP Standing Committee on Taxation and Finance, said that the last property tax revision was three years back, in 2016. She said that BBMP was facing a fund deficit of over Rs 1200 crore, and hence they decided to hike property tax which was the Palike's main revenue source. As per the Karnataka Municipal Corporations…
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