<p>The Karnataka Cabinet on Thursday cleared a proposal and sought to put an end to the confusion over the property tax issue in Bengaluru, saying that it will adjust any excess payment by citizens against future amounts. </p>.<p>However, if property owners have paid less than what they owe, they shall pay a simple rate of bank interest of 11-12% annually over the pending arrears.</p>.<p>The announcement ended the ordeal for 78,000-plus Bengalureans who were served notices for ‘defaulting’ on payment of property tax.</p>.<p>Acknowledging the 'mistake', Law Minister J C Madhuswamy said "both sides were at fault".</p>.<p>"We did not display the zones properly and the residents also wrongly underestimated their zonal levels. In a way, we felt it is wrong to penalise people 3-4 years later," said the minister.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>The Karnataka Cabinet on Thursday cleared a proposal and sought to put an end to the confusion over the property tax issue in Bengaluru, saying that it will adjust any excess payment by citizens against future amounts. </p>.<p>However, if property owners have paid less than what they owe, they shall pay a simple rate of bank interest of 11-12% annually over the pending arrears.</p>.<p>The announcement ended the ordeal for 78,000-plus Bengalureans who were served notices for ‘defaulting’ on payment of property tax.</p>.<p>Acknowledging the 'mistake', Law Minister J C Madhuswamy said "both sides were at fault".</p>.<p>"We did not display the zones properly and the residents also wrongly underestimated their zonal levels. In a way, we felt it is wrong to penalise people 3-4 years later," said the minister.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>