IRD ENCOURAGES PUBLIC TO PAY PROPERTY TAX
The Inland Revenue Department (IRD) encouraged the public to pay their property tax on time on last night’s Public Eye programme.
Deputy Commissioner, Mr. Orris Thomas, and Revenue Officer, Ms. Shanika Lamont, both represented the IRD as guests, on the department of Information and Public Relation’s television programme Public Eye. The IRD holds the responsibility for assessing the taxes, licences and fees due to the Government in relation to properties.
The Public Eye programme was geared towards educating the public about property tax and all procedures involved, including definition of terms used, calculation of tax and explanation of the assessment process.
The IRD senior Public Officers informed viewers that property tax is due and payable from September 1 through November 30, and that persons in arrears are charged a penalty of 20% per year for each year the taxes remain unpaid.
They also encouraged persons to pay on time, or come into the department to explain their situation and arrange a payment plan.
Property tax payments can be made at the IRD’s main offices in Tortola or Virgin Gorda. Cheques, credit cards and cash are accepted. The post office branches in the East End and West End districts are also accepting payments during the month of September only. District officers on Anegada and Jost Van Dyke also accept payments on the IRD’s behalf.
“The Inland Revenue Department has sought to increase convenience for property owners to make their payments at various locations, as opposed to coming into our main office,” said Mr. Thomas.
Regarding property assessments, Ms. Lamont said that information collected when conducting site visits include the name of the owner(s), room types and number of rooms, materials used for building, location, any special amenities and the owner’s estimated rental value. After the visit, the IRD would determine the property’s monthly rental value based on the information collected.
To clarify the issue of property tax calculation, Ms. Lamont explained, “To calculate house tax, the yearly rental value is multiplied by 1.5 percent. Land tax is determined by status and how much land is owned. For instance, belongers pay $10 per acre and $3 for additional acreage. Non-belongers pay $50 for a half acre and under, $150 for over half an acre but less than an acre, and $50 for additional acreage, or part thereof.”
She concluded by explaining that the figures for both house and land tax are added together to show the total property tax payable. Those figures are then added to a database to produce assessment listings, which are posted throughout the Territory.
The Deputy Commissioner then related that property owners are rightfully allowed to object to an assessment. He encouraged persons with objections to inform the department, so that the requisite documentation to support the assessment is presented to the Magistrate in a timely manner, as opposed to seeking an adjournment.
“This saves time for both the property owner and the department, and expedites court proceedings,” Mr. Thomas said.
The dates are September 4 for property owners on Tortola and the outer islands excluding Virgin Gorda, and October 6 for those on Virgin Gorda. Both court sessions begin at 10:00am.
For more information, please contact the Inland Revenue Department via telephone 468-3701 extension 2155 or email
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.
The Public Eye programme will be re-broadcast on CBN Channel 51 this Saturday at 9:30pm and JTV Channel 55 this Sunday at 1:30pm.