Imbert: Mandatory property tax valuation coming

Mandatory valuations are coming so that the property tax can be determined.

The Finance Minister made this announcement early in the reading of the 2020/2021 budget.

“This government has been working assiduously to produce the required valuations, notwithstanding numerous challenges," he said. "To expedite the process and validate the information, the Commissioner of Caluations will be making mandatory requests of property owners pursuant to section 29 of the Valuation of Land Act.”

He said the objective of the exercise is to start collecting the property tax in 2021.

“We continue to assure property owners that the tax will be fair,” Imbert said.

He said the property tax would focus on residential properties first and commercial and industrial properties would soon follow.