What is property tax?Property tax is a tax levied on the property by the state government or specifically the municipal corporation. The amount of tax is calculated by the market value of property. The tax is used by the corporation for the infrastructure improvements of the city.Before we proceed to know how to calculate the property tax, let’s delve into the meaning of few terms that you may come across while going through the process.What is Unit Area Value (UAV) and Annual Rateable Value (ARV)?The Annual Rateable Value is a system of calculation based on expected rent of the property. The tax calculation uses the value of rent a property can get to obtain the property tax. However this is the old system. The new system is the Unit Area Value system that is based on expected returns a property can get depending on the location and property usage. It’s simple to understand the term if you break it. The UNIT i.e per square foot per month of an AREA in a particular location multiplied with the VALUE which is a certain rate. In easy terms it’s just a method of assessment of property tax.What is zone classification?The BBMP (Bruhat Bangalore Mahanagara Palike) has divided the city into 6 zones by which the rates have been calculated. The unit area value per square foot differs as per zone.How to calculate built up area?Built up area is the total area covered by a building. In case of high rise buildings, the area includes basement, parking, boundaries of sports area, swimming pool and storage area are also added with the area of building. However it does not include the areas covered by garden, plant, fountain, drainage, boundary wall and watchman booth.How to Calculate Property Tax in Bangalore?In order to calculate the property tax, you have to follows certain steps:Preparation
- Know in which zone your location falls in the city
- Calculate the built up area of the apartment
- When your apartment was constructed
- Don’t miss the parking area allotted to you
Start
- Go to BBMP Area Revenue office and ask for an application. Remember one application for one property.
- Ask for a handbook that has the information of zonal classification which may help you find out the UAV of your location.There are many other columns in the handbook that needs to be thoroughly understood. He rates vary according to structures also and there are other additional costs too that varies from a residential to a non residential property.
- We hope that you will easily calculate the built up area of your property, otherwise take help from your architect/draftsman.
- If you have the old receipts then it’s better because it will save lots of rework.
- Fill the form.
How to fill the form?
- Fill PID (Property Identification) number. Refer to previous receipts and look for something like YY-YY-YYYY.
- Fill personal details like name, occupation, age etc.
- Now the most important; the address and the zonal classification, and the mention the exact built up area.
- Use the classification mentioned in the annexure (in handbook). Derive the number to be filled for the type of building as per construction (or residential or non residential).
- There are lots of forms to be filled, thus you may have to calculate on few forms.
Use this link to know in detail: http://218.248.45.169/download/ptax/annexure_IV.pdfFAQCan I pay the tax in cash?Payment less than Rs 1000 can be paid by cash, otherwise only cheques or DD in favor of Commissioner, Bruhat Bangalore Mahanagara Palike is accepted.Where should I pay the tax?Contact your jurisdictional ARO offices for the nearest Help Centers. Taxes can be paid in all help centres.What will happen if I don’t pay the tax on time?You have to pay 2% penalty per month on the total payable property tax.What is the cost of application?The Cost of application/return form is only Rs 5.What is Solid Waste Management Cess?It’s a new tax applicable to buildings based on its plinth area (total built-up area). It should be paid along with the property tax. It is levied for solid waste management in the city.Online ServiceHow to pay property tax Online?BBMP has initiated the online services for the payment of property tax few years back. It also gives you discount if you pay it as per the time mentioned by the authority. You can use a credit or debit card for the payment. Property owners who have not paid the taxes from long can also pay it online but not before 2009.Pay your property tax online here: http://1113.sasbbmp.com/Forms/frm_OnlinePayment_MainPage.aspxWhat if I don’t possess khata or PID?If you don’t possess any Khata then also you can pay the property tax at the Office of the Assistant Revenue Officer or at BBMP Help Centres, using separate forms/returns.If you find rolling yourself in skepticism then click to this: http://www.bbmp.gov.in/