The Ministry of Finance advises the general public
that effective immediately, the Waiver of Surcharge
against ail
properties is extended to 30* June, 2010 as provided herein:
•
100 per cent waiver for owner occupied
properties with a market value of up to Two hundred and Fifty Thousand dollars ($250,000.00).
•
100 per cent waiver for owner occupied
properties that exceed Two Hundred and Fifty Thousand dollars ($250,000.00).
•
50 percent waiver for other properties.
Section 21B Revival of Surcharge
If after December 31,2009 any property tax remains
outstanding in respect of:
• (a) Owner-Occupied
Property with a market value of up to two hundred and
fifty thousand dollars ($250,000.00)
• (b) Owner- Occupied property which exceeds two
hundred and fifty thousand
dollars (250,000.00)
• (c)
Other Property
The owner of such property shall be liable to pay a
new surcharge of five percent (5%) of such tax per annum,
reduced from TEN PERCENT of such tax per annum.
• For additional information regarding this matter,
kindly contact the Real
Property Tax Office, Frederick House,
Frederick Street, at
telephone
(242)325-1171 or the Administrator's office in any Family Island.
