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Tag Archive | "Property Tax"

Government Announces Property Tax Hike

Wednesday, March 31, 2010

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While speaking in Parliament yesterday, Finance Minister Audley Shaw announced a whopping hike in Jamaica’s property tax rates effective tomorrow, April 1. The increase will see the flat rate (applicable to property with unimproved value up to $300,000) move from $600 to $1,000. Rates in respect of property with unimproved values exceeding $300,000 will attract […]

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Stamp Duty & Transfer Tax Cuts Brought Forward

Wednesday, July 29, 2009

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In April of this year, the Minister of Finance and the Public Service – Audley Shaw – announced in Parliament that effective January 1, 2010, stamp duty would be reduced from 4.5% to 3%, and transfer tax from 5% to 4%. This was seen as an effort to help boost Jamaica’s ailing real estate market, […]

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Property Taxes Due June 30

Wednesday, June 24, 2009

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Property owners are being reminded that they have until June 30 to pay their property tax for the 2009 – 2010 period. After that, a 10% penalty will be applied for late payment. Remember also that you have the option to make property tax payments in half-yearly installments (April 1 and October 1) or quarterly […]

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Property Tax Deadline Extended

Tuesday, May 5, 2009

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The Government’s Tax Administration Department has extended the deadline for persons to pay 2009-2010 period property tax due to June 30. Persons have until then to pay their outstanding property taxes – without the 10 per cent penalty being applied for late payment. Property owners are being encouraged to make use of the extension and […]

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Property Tax Pardon For Laid Off Workers

Wednesday, April 15, 2009

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Workers who have been laid off (made redundant) as well as other persons (including pensioners, persons with disabilities and those with fixed income) who are struggling in the current economic climate, may be eligible for a property-tax waiver that would remove a percentage of the sum owed to the Jamaican Government. This special discretionary relief […]

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