March 27, 2024: The Karnataka state government on March 25, 2024 clarified that there will be no hike in property tax in Bangalore from April 1, 2024. This was done after fake news was being circulated. In a post on micro-blogging site X, the Karnataka deputy chief minister DK Shivakumar said
It has been brought to my notice that fake news peddlers are peddling fake news on social media regarding the increase in property tax rate by the BBMP w.e.f April 1, 2024.
I would like to clear the air here for Bengaluru residents that BBMP has not hiked any property tax, which…
— DK Shivakumar (@DKShivakumar) March 25, 2024
Industry experts had expected a raise in property tax in Bangalore once the guidance value was increased in Karnataka late last year. This is because the property tax in all locations in Karnataka except Bangalore is calculated based on guidance value. In Bangalore, the property tax is calculated on the basis of the computation method that was adopted in 2016.
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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
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