New Record in BBMP Property Tax Collection
The Bruhat Bangalore Mahanagara Palike (BBMP) has set a new record in BBMP property tax collection by collecting property tax worth Rs 1,000 crore compared to previous years. Notices and penalties are levied on BBMP property tax defaulters and those who have declared wrong information on properties.
BBMP commissioner Siddaiah said that the target of property tax collection for the financial year of 2010-11 is Rs1,500 crore and in the remaining weeks the Palike would strive hard to meet the same. “We have also identified around 3.76 lakh properties which are out of the ambit of the property tax net and notices have been served to defaulters,” he said.
Siddaiah further said that notices and penalties are also being levied on property defaulters and those who have declared wrong information on properties. “By such penalties and similar exercises the property tax is likely to go up by Rs 800 crore,” he said.
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