The Bruhat Bengaluru Mahanagara Palike (BBMP) is currently facing huge losses in property tax revenue due to a technical glitch in its zonal classification. It is estimated that at least 70,000 citizens have underpaid their property taxes from 2016-2017, the time of implementation of new zones under the Self Assessment Scheme of Property Tax assessment. This glitch in assessment has caused a loss of Rs 240 crores in the past five years for the financially struggling BBMP. Low revenue from property taxes BBMP revenue collection from property tax is Rs 2,400 crores against an estimated demand of approximately Rs 4,000…
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