<p>Bengaluru: As many as 70,000 property tax defaulters have made use of the BBMP’s one-time settlement scheme that fully waives off bank interest while reducing the penalty amount by half. The civic body, which has set July-end as the deadline, says about 3.25 lakh defaulters are yet to make use of the opportunity. </p>.<p>Last month, Dy CM DK Shivakumar said the civic body will not be extending the deadline as it had given ample time to pay the arrears. </p>.<p>While providing relief to the property tax defaulters, the BBMP had estimated it would mop up a revenue of Rs 733 crore but the civic body is far from achieving the target.</p>.<p>“We will start tax collection drive once the deadline is over. Defaulters must pay in order to avoid inconvenience,” a senior revenue officer of the BBMP said. </p>.<p>Under the BBMP Act, the civic body can seize and auction the properties that do not pay the tax even after serving many notices.</p>.<p>In 2024-25, the BBMP has estimated revenue of Rs 5,210 crore from property tax collection. So far, it has collected Rs 1,645 crore, which is about 31% of the target. As the Lok Sabha elections are over, the civic body expects the revenue to go up as tax inspectors are free from any other responsibilities. </p>.<p>As per the data, the BBMP has started collecting about Rs 25 crore a day in the last one week as against the target of Rs 12.96 crore. </p>
<p>Bengaluru: As many as 70,000 property tax defaulters have made use of the BBMP’s one-time settlement scheme that fully waives off bank interest while reducing the penalty amount by half. The civic body, which has set July-end as the deadline, says about 3.25 lakh defaulters are yet to make use of the opportunity. </p>.<p>Last month, Dy CM DK Shivakumar said the civic body will not be extending the deadline as it had given ample time to pay the arrears. </p>.<p>While providing relief to the property tax defaulters, the BBMP had estimated it would mop up a revenue of Rs 733 crore but the civic body is far from achieving the target.</p>.<p>“We will start tax collection drive once the deadline is over. Defaulters must pay in order to avoid inconvenience,” a senior revenue officer of the BBMP said. </p>.<p>Under the BBMP Act, the civic body can seize and auction the properties that do not pay the tax even after serving many notices.</p>.<p>In 2024-25, the BBMP has estimated revenue of Rs 5,210 crore from property tax collection. So far, it has collected Rs 1,645 crore, which is about 31% of the target. As the Lok Sabha elections are over, the civic body expects the revenue to go up as tax inspectors are free from any other responsibilities. </p>.<p>As per the data, the BBMP has started collecting about Rs 25 crore a day in the last one week as against the target of Rs 12.96 crore. </p>