Tag: Belagavi City Corporation

Latest StoriesRegulatory

Belagavi Revises Property Tax Rates Effective April 1

BELAGAVI: The Belagavi City Corporation (BCC) has updated property tax rates effective April 1, aiming to generate an additional Rs 2-3 crore in annual revenue. The tax rate for residential properties will rise by 3%, while commercial and industrial properties, along with all types of real estate plots, will see an increase of 4%. Owners can benefit from a 5% discount if the total tax is paid by the end of April. According to BCC sources, there are currently over 1.5 lakh properties, including residential and commercial. Historically, these properties generated about Rs 75 to 80 crore annually in taxes,…

Latest StoriesRegulatory

Belagavi civic body records ₹44.7 crore in Q1 property tax

BELAGAVI: The Belagavi City Corporation (BCC) has set an ambitious goal of collecting Rs 75 crore in property tax for the financial year 2025-26. So far, the civic body has collected Rs 44.7 crore in the first quarter, aided by a 5% rebate scheme that ended on June 30. This figure represents the highest Q1 property tax collection in the BCC’s history, attributed to an effective awareness campaign about the rebate and diligent efforts to stop revenue losses. With Rs 44.7 crore already in hand, the BCC aims to raise the remaining Rs 30 crore in the upcoming quarters to…