Property Tax Rebate 2024 Requirements. Every year, the bruhat bengaluru mahanagara palike (bbmp) collects property tax during the months of april and may, and a 5% rebate is accorded to encourage timely tax payments. Also, you can save on tax by reinvesting your capital gains into a residential property or investing your gains.

This initiative aims to provide financial relief to eligible homeowners by applying a tax rate reduction of 30, 50, or 80% depending on property ownership/occupancy requirements,. Property tax rebate serves as a concession on the total tax, benefiting citizens who settle their dues before the deadline.