BBMP: Record in property tax collection

 Collection crosses ₹4,000 crore; Target achievement four months away

BBMP: Record in property tax collection

Kere Manjunath ಕೆರೆ ಮಂಜುನಾಥ್

Bengaluru: The Bruhat Bengaluru Mahanagara Palike (BBMP) has collected more than ₹4,000 crore in property tax for the first time, creating a new record.

Although the amount collected in the entire period of the 2023-24 financial year is a record so far, it could not reach ₹4,000 crore. It also did not reach the target. With four months left for the end of the current financial year, more than ₹4,000 crore in property tax has been collected. ₹3,246.61 crore was collected by the end of December of the last financial year, which is 32.02% more than that.

In the current financial year, ₹3,828.64 crore in property tax is expected for 20.57 lakh properties. Out of this, ₹3,432.02 crore has been collected from 15,84,107 properties. ₹396.62 crore is yet to be collected from more than 4 lakh properties.

It was estimated that there are 73,615 properties that are out of tax or have not been assessed. Such properties are at their highest in Mahadevapura, Rajarajeshwari Nagar, Bommanahalli, Yelahanka zones. Out of these, ₹262.90 crore worth of property was to be paid this financial year. Out of this, only 140 properties have paid ₹13 lakh in tax. 

After Munish Moudgil became the Special Commissioner of Revenue, more emphasis was given to tax collection. He initiated processes like sending SMS to tax defaulters, calling them, issuing notices and locking and confiscating commercial buildings with high arrears. Also, the One Time Relief Scheme (OTS) has contributed a lot to the collection. 

There are still four months left for the financial year to end, and efforts will be made to achieve the target

Munish Moudgil, Special Commissioner, Revenue Department, BBMP

OTS: ₹399 crore collected

Out of 3.95 lakh property owners who were property tax defaulters, 1.82 lakh owners have availed the One Time Relief Scheme (OTS) and have paid ₹399.17 crore. Even though the OTS ended on November 30, 2.12 lakh property owners are still defaulters and have to pay ₹334.44 crore excluding interest and penalty.

82,842 properties with the highest property tax arrears have been put under the ‘debt’ process and 6,676 commercial buildings have been sealed.

The tax of 15,731 properties has been revised and ₹398.49 crore was fixed. Of this, 9,202 properties have paid ₹114.74 crore (till Dec. 7). 

• 2,12,515; Property tax defaulters
• ₹334.44 crore; Amount to be collected from defaulters
• 4,73,700; Properties subject to tax for the current financial year
• ₹396.62 crore; Property tax due for the current financial year

Property tax collection figures

Year; Target; Collection

2020–21; ₹3,500 crore; ₹2,800 crore

2021–22; ₹4,000 crore; ₹3,110 crore

2022–23; ₹4,189 crore; ₹3,340 crore

2023–24; ₹4,558 crore; ₹3,900 crore

2024-25 target; ₹5,210 crore; ₹4,286 crore (till December 7, 2024)

Property tax collection (till December 7)

Area; Target; Collection; Amount

Mahadevapura;₹1,309.04 crore; 1,154.49 crore; 88.19%

East;₹891.89 crore;₹715.97 crore; 80.28%

South;₹769.50 crore;₹617.77 crore; 80.28%

West;₹610.39 crore;₹486.47 crore; 79.70%

Yelahanka;₹445.24 crore;₹415.08 crore; 93.23%

Bommanahalli;₹585.11 crore;₹421.67 crore; 72.07%

Rajarajeshwarinagar;₹434.35 crore;₹337.80 crore; 77.77%

Dasarahalli;₹164.95 crore;₹138.79 crore; 82.93%

Total;₹5,210.48 crore;₹4,286.04 crore; 82.26%