The collection of property tax in areas coming under Bruhut Bangalore Mahanagara Palike (BBMP) will commence from February 1, state transport minister R Ashok said today.
The tax will be collected upto March 31 without any penalty from tax payers, he told the press here. It was expected that BBMP would earn about Rs 560 crore from property tax and the 20 per cent hike effected by the government would not burden people, he said.
Those paying property tax in full will get five per cent rebate, Ashok said.
In the recent Legislature session held in Belgaum, the government brought in an amendment to the Muncipal Corporation Act to facilitate introduction of Self Assessment Tax system under BBMP areas.
