Bengaluru property owners face 100% tax penalty starting April

Bengaluru's BBMP will impose a 100% penalty on unpaid property taxes starting April 1. This change follows a previous penalty structure that varied based on tax evasion cases. Property owners must settle dues before the March 31 deadline to avoid increased fines. Currently, BBMP has collected Rs 4,604 crore of its Rs 5,210 crore property tax target for the 2024-25 fiscal year. Yelahanka has nearly met its target, while other zones show varying collection efficiencies. From April, unpaid taxes from 2022-23 will incur 9% interest, while 2023-24 dues will attract 15%. The BBMP has begun strict actions against defaulters, including property seizures.