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Jamaica Property Tax Increase Coming

Fri, Feb 15, 2013

General



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.

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