Bbmp Property Tax Rebate 2024-25 2024
Bbmp Property Tax Rebate 2024-25 2024. The bengaluru city administration has announced the extension of the 5% rebate on property tax until the end of july 2024, offering property owners an extended opportunity to benefit from this incentive. As a result, households will save approximately rs 2,700 crores, while the bbmp will receive penalties totaling at least rs 1,000 crore.
The notification also grants bbmp the authority to increase property tax by 5% annually from april 1, 2025, and any revisions to the guidance value will also apply to property tax. The bruhat bengaluru mahanagara palike (bbmp) has announced the extension of the 5% rebate on property tax until july 31, 2024.