BBMP i.e the Bruhat Bengaluru Mahanagara Palike is likely to miss its target to collect Rs. 3,100 crore as property tax for the fiscal year. The approaching general assembly election is said to be the obstruction on the collection of property tax.
M Shivaraju, a ruling party corporator said that the maximum of BBMP revenue inspectors are on the election duty and thus they are not able to focus on collecting the property tax. The Bruhat Bengaluru Mahanagara Palike has approximately collected Rs. 2,500 crore till date.
The due date to pay property tax cannot be extended due to the model code of conduct.
Usually, the deadline to pay property tax can be extended till two months i.e. 31st May. This allows the property tax owners to avail 5 percent rebate on the property tax.
In case, there is no extension in deadline, then the property taxpayers have to submit the tax on or before the closing date of the financial year. Mostly, the announcement to extend the deadline to submit property tax is made in the last week of March.
Hemalatha Gopalaiah, Chairperson, BBMP Standing Committee on Taxation and Finance said that the target will be met as we have achieved nearly 80 percent of the target. However, there may be a delay in collecting property tax arrears.
According to the BBMP revenue officials, around 80,000 new properties were brought into the tax net in the eight zones to the existing 1.58 properties in the city.
Sources said BBMP authorities have not succeeded in meeting the target of property tax collection all these years.
Gangambike Mallikarjun, Mayor said that she had organized a meeting for revenue officials in November to emphasize the need to collect the property tax. The revenue officials have succeeded in collecting Rs 700 crore in November and December. However, they have not shown same interest in the last two months.