The Karnataka cabinet sub-committee has recommended re-introduction of area based property tax system similar to the SAS (Self Assessment Scheme) introduced in the year 2000 for Bangalore Mahanagara Palike (BMP) areas.
Through this revised SAS, BMP plans to collect tax from 1.5 million houses to the tune of Rs 600 crore for the year 2008-09. In 2007-08, the BMP had collected Rs 350 crore as property tax. The cabinet sub-committee, headed by R Ashok, who is also the transport and Bangalore district in-charge minister, which was constituted to implement property tax scheme for BMP areas has recommended bringing back SAS.
With this, the proposed Capital Value System, for which an Ordinance was passed during the President’s rule last year, will be put in the cold storage. There are about 650,000 houses in old areas, 550,000 in new areas and 450,000 unauthorised houses in new areas.
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