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Bengaluru: Authorities To Confiscate Assets Of Those Who Haven't Paid Property Tax
15 March 2017 12:28 PM GMT
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It’s time for property owners in Bengaluru, who had been evading property tax payments all these years, to clean up their act. A notification has been issued for the defaulters of the property tax, which states that those who haven’t paid taxes since the last year will have their assets confiscated.
The commissioner of Bruhat Bengaluru Mahanagara Palike (BBMP), N Manjunath Prasad, said that tax defaulters would be given 15 days’ time to pay up their arrears. The authority will issue the notification to tax defaulters from April 1 and after 15 days the authorities will confiscate assets from their houses (furniture and other movable assets) or commercial establishments.
Property tax is a tax levied directly on a property by the governing authority of the jurisdiction in which the property is located.
Under the Karnataka Municipal Corporations Act, 1976, the Authority enjoys the power to confiscate movable properties like furniture. However, immovable objects cannot be seized. The BBMP was confident of recovering dues this year as the properties were mapped using Geographic Information System (GIS). Using the same technology, a system has been developed where BBMP zonal officials will get updates of the details of tax defaulters on their cellphones.
BBMP has delineated around 18.95 lakh properties with Geographic Information System (GIS) since June 2016, higher than the 16 lakh database that Palike had.
The cash-crunched BBMP’s decision to seize movable properties of defaulters is justified as the city has about thousands of properties whose tax payments are still pending. If the plan is implemented meticulously, around Rs 400 crore would fill the coffers.
Also Read: Pay Property Tax Dues Without Penalty Till Feb 2017
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