Home States Karnataka BBMP planning to increase property taxes in K’taka

BBMP planning to increase property taxes in K’taka

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(G.N.S) Dt. 7 Bengaluru S.P. Hemalatha, chairperson, Standing Committee on Taxation and Finance, told that they are in favour of this move as it has been three years since property tax was last hiked in 2016. The Karnataka Municipal Corporations Act, 1976 prescribes a revision every three years. “The civic body is facing a fund crunch and is looking at a deficit of over ₹1,200 crore. Property tax is the

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