Property owners in violation of property tax declarations under BBMP now have the opportunity to rectify their status through the government’s ‘One Time Settlement’ (OTS) scheme, which is now accessible online. The government, following discussions in the House, initiated the OTS scheme specifically for those who have inaccurately declared their property taxes under BBMP regulations.

A formal notification regarding the OTS scheme was issued by the State Government on Thursday, the 22nd, making the option available for property owners to settle their dues conveniently through online payment methods. The corporation’s property tax online payment software has been updated to facilitate OTS payments, ensuring accessibility for all citizens.

With the integration of the OTS mandate into BBMP’s online property tax payment system, property owners can immediately benefit from complete interest waivers, a 50% reduction in penalties for fraudulent cases, and a maximum 5-year limitation, applicable to housing and mixed-use properties only.

To take advantage of the OTS scheme and settle outstanding property tax dues, property owners are encouraged to visit the official website of the corporation, as highlighted in a press release issued by BBMP. This online platform streamlines the process, providing property owners with a convenient and efficient means to resolve their tax obligations in compliance with BBMP regulations.

This initiative underscores the government’s commitment to facilitating fair and transparent tax compliance while providing property owners with a structured avenue to rectify past discrepancies and ensure ongoing adherence to property tax regulations under BBMP jurisdiction. https://bbmptax.karnataka.gov.in.