Feb 24th, 09
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SAS 2009 for Property Owners
BBMP Bangalore comes with innovative ideas for easy and safe payment of tax. BBMP started collecting property tax from February 10 and the property owner can pay their tax through Citizens’ service center. It is estimated that government can keep track on the tax collected as BBMP organized one center for 4000 property and property owner can get information from BBMP on property tax collecting center from helpline that operates daily from 11 am to 2:30 pm.
BBMP has come with training session for property owners’ to get clear idea on calculation of tax. Currently BBMP collects property tax from Citizens’ service center for the year 2008-09. The property holders having arrears can contact zonal joint or additional commissioner for further proceeding. BBMP has advised property owner to calculate property tax on Unit Area Value (UAV) and not on the basis of Annual Rateable Value (ARV) which were previously calculated. Read More
Feb 3rd, 09
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You can pay the tax this time only at the BBMP help centres. With the BBMP commissioner’s final notification out, the property tax collection across the eight zones may begin from February 10. Considering that this is the first year with a uniform SAS (Self Assessment Scheme) , BBMP centres were chosen to reduce the confusion in tax collection. As of now, 70 of the BBMP help centers are functional, the remaining will be functional in a week’s time. There will be one help centre for every 4,000 properties in the city. Read More
Jan 28th, 09
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The following piece of valuable information was obtained from TNN.
Lok Sabha poll effect: tax slides to Y2K rate
Property Tax Under SAS; 5% Rebate If Paid In Lump Sum
Naheed Ataulla | TNN
Belgaum: The Karnataka government has begun raining goodies keeping the Lok Sabha elections in mind. Bangalore citizens bagged the first hamper — low property tax. It is now to be paid under the revised Self-Assessment Scheme (SAS) but scaled down to the rates that prevailed in 2000. An added bonus is, if the property tax is paid in lump sum, though there is an option to do so in two equal instalments, a rebate of 5% will be given on the tax.
BBMP will start collecting property tax from February 1. The second and final instalment has be paid within 30 days of February 1. The revised property tax, which had envisaged a hike of up to 20%, has been withdrawn..Piloting the Karnataka Municipal Corporations (Amendment) Bill 2009 in the legislative assembly on Thursday, transport minister R Ashok said, “The citizens will pay less tax than what they paid in 2000. Besides the depreciation rate applicable, which depends on the age of the building, it will also bring down the SAS on such properties.’’ Read More
