• RAVIKIRAN N.R.
• DR. SRILAKSHMI K.R.

Property tax was revised in BBMP during 2016. Rs. 2000 crores tax collections during the year 2018-19 and with the proposed 25% hike in residential property and 30% upon commercial property the BBMP is expecting more Rs. 500 crore. Many municipalities or Urban Local Bodies (ULBs) are experiencing difficulties in handling the rapid growth of population. The mega cities, urban centers are not providing infrastructure facilities like roads and power due to the inability of local government organization. Roads are constructured now at Bengaluru on a large scale which can be seen visibility but the other facilities water, education and hospitals and the investment upon them is not matching properly. There is a greater demand to collect more revenues from local bodies. Recognizing these serious difficulties agencies such as Asian Development Bank has initiated systems for property tax reforms in a number of Asian cities, including Bengaluru. It is said that any reforms on property tax should bring property tax base very close to market value which results in significant impact on revenue generation and do not have any adverse effect. In order to make the structural issues like improved valuation, increasing buoyancy of the tax, and building tax payer confidence need to be addressed properly. Against this background an attempt is made in this research paper to study the property owners awareness of tax reforms, their grievances, awareness of factors influencing the reforms and strategies followed with reference to BBMP.

Property tax, Urban Local Bodies, Market Value, Revenue growth, Tax reforms,

"AN ANALYTICAL STUDY OF PROPERTY TAX REFORMS WITH REFERENCE TO BBMP", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.65-76, February-2019, Available :http://www.jetir.org/papers/JETIR1902612.pdf

"AN ANALYTICAL STUDY OF PROPERTY TAX REFORMS WITH REFERENCE TO BBMP", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp65-76, February-2019, Available at : http://www.jetir.org/papers/JETIR1902612.pdf