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BBMP collects a record Rs. 1,000 cr. in property tax

Staff Reporter
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Aims to collect another Rs. 800 crore this fiscal

The Bruhat Bangalore Mahanagara Palike (BBMP) has collected a record Rs. 1,000 crore as property tax this fiscal.

Officials said the benchmark was set on Thursday though the BBMP had set a target of Rs. 1,500 crore for 2010-11.

In 2008-09, the BBMP had collected Rs. 748 crore from 8.4 lakh properties. The following year, it mopped up Rs. 795 crore from 8.64 lakh properties. As of February 10 this year, it touched Rs. 1,000 crore from 11.41 lakh properties in the city.

In the tax net

Commissioner Siddaiah told The Hindu the BBMP's revenue officials had taken up property collection drive in all the eight zones with an intention of bringing unassessed properties under the tax net. As many as 3.76 lakh properties were brought in the tax net this year and property owners who had not paid tax were served notices. The BBMP also took up verification of the tax paid under the Self Assessment Scheme by property owners.

BBMP had identified 5.61 lakh property owners who had not paid tax for the past three years.

Verification

“Some of the properties have khata and others don't. We will collect tax, with interest, from them. Thirty per cent of the properties that are under the tax net will be verified, as allowed under the KMC Act. We expect the revenue collection to go by another Rs. 800 crore. We are confident of hitting it by the end of this financial year,” Mr. Siddaiah added.

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