Bengaluru: Guidance value, wrong guide for BBMP property tax

BENGALURU: The owner of a property on Modi Road in DJ Halli will have to fork out a whopping 246% more than the tax he paid for the same property last year!

JD(S) MLA Gopalaiah, who raised the issue of the bizarre methodology adopted by the BBMP to revise property tax, has called on the government to re-examine the revision of property tax and of the zones that would require property owners to pay upwards of 240 per cent of the current rates.

“Classifying zones based on guidance value is not the method to adopt to levy property tax. That is a criterion to be applied only for a sale of property, for which stamp duty is to be paid,” the Mahalakshmipuram legislator said.

In some areas, even properties allotted by government to the poor have been brought under the revised rates. If the government does not correct the anomalies, the JD(S) would take to street protests, he warned.