SHAR­LENE RAM­PER­SAD

Home and prop­er­ty own­ers will soon be man­dat­ed to pro­vide the Com­mis­sion­er of Val­u­a­tions with their prop­er­ty’s val­ue, as the Gov­ern­ment gets ready to start the col­lec­tion of prop­er­ty tax.

Speak­ing dur­ing the pre­sen­ta­tion of the 2021/2022 bud­get in Par­lia­ment, Fi­nance Min­is­ter Colm Im­bert said the Com­mis­sion­er will be mak­ing manda­to­ry re­quests un­der Sec­tion 29 of the Val­u­a­tion of Land Act.

“The ob­jec­tive is to com­mence the col­lec­tion of prop­er­ty tax in 2021, start­ing with res­i­den­tial prop­er­ties,” he stat­ed. “We con­tin­ue to as­sure prop­er­ty own­ers that the rate of this tax will be both fair and rea­son­able and will not present an oner­ous bur­den on them.”

Im­bert said the tax­a­tion of com­mer­cial, in­dus­tri­al and agri­cul­tur­al prop­er­ties will fol­low in that or­der.

He said an on­line op­tion will be soon made avail­able for the sub­mis­sion of in­for­ma­tion by own­ers.