Property Tax in Bangalore

What is property tax in Bangalore?

The BBMP Property Tax is a levy imposed by the Bruhat Bengaluru Mahanagara Palike (BBMP) on all property owners in Bengaluru. Serving as a vital revenue source for the municipal body, this tax funds essential civic amenities such as road maintenance, parks, and waste management.

Property owners are required to pay this property tax in Bangalore annually, with the amount determined by factors like the property's location, size, and usage (residential, commercial, or vacant). To promote transparency and convenience, BBMP offers a self-assessment scheme that allows property owners to calculate their tax online.

Timely payment of the BBMP Property Tax is crucial to avoid penalties and ensure uninterrupted access to municipal services.

Property tax is a fundamental responsibility for property owners in Bangalore, India. It serves as a crucial source of revenue for the city's municipal corporation, enabling them to provide essential civic amenities and maintain urban infrastructure. In this article, we will delve into the intricacies of property tax in Bangalore, exploring the tax rates, payment procedures, and the convenience of online payment.

Property tax Bangalore: Rates and regulations

Property tax rates in Bangalore vary based on factors such as the property's type, location, usage, and dimensions. The Bruhat Bengaluru Mahanagara Palike (BBMP), the municipal corporation for Bangalore, determines these rates. Here is a general breakdown of the property tax categories:

• Residential properties: The tax rates for residential properties are calculated based on the property's built-up area, usage, and age. Newer constructions might have higher tax rates compared to older ones.
• Commercial properties: Commercial properties are subject to higher tax rates due to their income-generating potential. These rates vary depending on the property's usage and location.
• Vacant land: If you own vacant land in Bangalore, you are still liable to pay property tax. The tax rates for vacant land are relatively lower than those for developed properties.
• Rented properties: For rented properties, the BBMP has introduced a self-assessment scheme where owners need to declare the rent received, and the tax is calculated accordingly.

Residential property:

Commercial Property:

Vacant land:

How to Pay BBMP Property Tax Online?

1. Calculate your property tax
   Before making your property tax payment, you need to calculate the exact amount you owe. The BBMP provides an online property tax calculator on its official website. This calculator takes into account the property's dimensions, usage, and other relevant details to generate the tax amount.
2. Generate the challan
   Once you have calculated the tax amount, you can generate an online tax challan. This challan includes all the necessary details for payment, such as your property details, tax amount, and due date.
3. Online payment
   The Bruhat Bengaluru Mahanagara Palike Property Tax official website offers a secure online payment portal where you can pay your tax using various digital payment methods, including credit/ debit cards, net banking, and digital wallets.
4. Acknowledgement and receipt
   Upon successful payment, you will receive an acknowledgement along with a digital receipt. It is advisable to keep a copy of this receipt for your records.
5. Offline payment (if preferred)
   While online payment is convenient, offline methods are also available. You can visit designated banks or BBMP offices to make your property tax payment through cash or check.

Understanding and fulfilling your property tax obligations is essential for contributing to the development and maintenance of Bangalore's infrastructure and services. By familiarising yourself with the property tax rates and utilising the convenient online payment options, you can seamlessly fulfil your responsibilities as a property owner while enjoying the benefits of a well-maintained city. Remember to stay updated with the BBMP's official website for any changes in tax rates or payment procedures, ensuring a smooth and hassle-free experience in paying your property tax.

How to get loan against property in Bangalore

Here's a step-by-step guide to applying for a loan against property in Bangalore:

1. Click the 'APPLY' button on this page.
2. Enter your pin code and click 'Proceed'.
3. Input your basic information, including full name and mobile number.
4. Choose the loan type, net monthly income, area pin code, and desired loan amount.
5. Generate and enter the OTP sent to your mobile for verification.
6. Provide additional details such as property location, current monthly EMI, and PAN number.
7. Click 'SUBMIT'.
8. Your loan application is now complete! Our representative will contact you to guide you through the subsequent steps.

Interest rates on loan against property

Loan against property interest rates on can vary based on several factors such as your credit score, loan amount, and property value. At Bajaj Finance, we offer competitive interest rates ranging from 9% to 12% (Floating rate of Interest). If you are considering a loan against property, understanding these rates is crucial for making an informed decision.

Pay property tax in other cities

Click on any of the links below to learn how to pay property tax in your city and stay ahead of your obligations.