JAMAICA: Some Portmore Residents To Pay Significantly Less For Property Tax
 Inicio > Internacionales | Publicado el Viernes, 21 de Abril del 2017
JAMAICA: Some Portmore Residents To Pay Significantly Less For Property Tax

JAMAICA: Some Portmore Residents To Pay Significantly Less For Property Tax

RJR News /  

Residents of Waterford in Portmore, St. Catherine are to see more than a 70 per cent reduction in their Property Tax.    Kamina Johnson Smith, Leader of Government Business in the Senate, said this is as a result of amendments to be made to the Property Tax (Validation and Indemnity) Act, 2017. "If a property is valued at $1.7 million which falls within the 0.6 per cent tax band, the owner would still benefit from the $1,000 for the first $400,000 and would also benefit from the lower rates up to $1.5 million. This means that he or she would, in effect, pay the 0.6 per cent only on the value between $1.5 and $1.7 million," she announced in Friday morning's sitting of the Senate.     She said more than 50 per cent of persons paying property tax will benefit from the new regime.



JAMAICA: Some Portmore Residents To Pay Significantly Less For Property Tax

Con Información de RJR News

http://entornointeligente.com/articulo/9901843/JAMAICA-Some-Portmore-Residents-To-Pay-Significantly-Less-For-Property-Tax

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