To mop up more revenue and collect property tax dues from defaulters, the cash-strapped civic body is framing rules that will allow it to attach immovable properties and freeze bank accounts of tax defaulters. Property tax remains one of the biggest revenue sources for the Bruhat Bengaluru Mahanagara Palike (BBMP).
The civic body has already achieved record property tax collection this year and hopes to cross ₹3,000 crore by the end of the fiscal. According to senior revenue officials, the BBMP has collected over ₹2,995 crore so far. Last year, it had collected ₹2,781 crore.
BBMP’s Special Commissioner (Revenue) Deepak R.L. told The Hindu that rules are in the approval stage. “We had hoped to put in place a mechanism by the end of the current fiscal. We now hope that the new mechanism aiding recovery of dues will be in place at least in the next financial year,” he said.
