Karnataka BBMP Releases Draft Notification to Revamp Property Tax Calculation [Read Notification]

The draft notification explores particular situations, explaining how property taxes apply to homes meant for economically disadvantaged people, properties that don't have to pay regular taxes, and places with things like cell towers, signs, or electronic equipment.
BBMP Draft Notification - Revamp Property Tax Calculation - TAXSCAN

The Chief Commissioner of Bruhat Bangalore Mahanagara Palike (BBMP) has unveiled a draft notification on February 20, 2024, proposing significant changes in the determination of property tax. The focal point of this draft notification revolves around the adoption of the Unit Area Value as the basis for calculating property tax. Outlined within the notification are…

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