For property owners, March 31 is last day to pay their property tax for current year 2010-11. The city corporation finally implementing its long-planned cashless transaction for one of its regular revenue sources. According to BBMP officials, the increasing number of bouncing cheques was also a reason to introduce this new method.
Tax payers this year can heave a sigh of relief that the corporation will not be going ahead with the 15% revision, as per the revised Self Assessment Scheme rulebook. From April 1, 2011 BBMP starts collecting property tax for for 2011-12. From April 1, property owners will also have to fill a separate application form for payment of garbage cess. The applications will be made available at all tax counters.
March 31,2011 : Last date to pay property tax for this year (2% of tax amount for every month).
Property Tax 2011-12
April 1, 2011 : Tax collection for 2011-12 begins. Also fill a separate application form for payment of garbage cess.
April 30, 2011: Last day to pay full tax of 2011-12 and avail 5% rebate
May 30, 2011 : Deadline to pay first half-year installment or full (without penalty or rebate)
Nov 29, 2011 : Deadline for second installment without penalty (2% of tax amount for every month)