Summary:
The civic body intends to push forward with verifications this year. The Self Assessment Scheme for property tax did come with a component of random checks of declarations made by property owners, but was often neglected. High target for property tax collectionThe civic body has set a high target of ?2,600 crore from property tax for 2017-18, a massive ?921 crore more than what was collected this fiscal. However, as experts point out, it’s yet to be seen whether the BBMP will be able to implement them effectively. Ownership of the ground floor will remain with the BBMP if the sanctioned plan is violated..