Speaking in Parliament on February 12, 2013, Minister of Finance Dr. Peter Phillips indicated that property taxes in Jamaica will be increased in two tiers as follows:
Land with unimproved values of $100,000 to J$1 million will be taxed at a rate of 1.5% per year and lands with unimproved value above J$1 million will be taxed at 2%.
Dr Phillips indicated yesterday at a press conference that these property tax rates could go up even further.
Fri, Feb 15, 2013
General