The Inland Revenue Department is informing all property owners in the Virgin Islands that officers have begun the annual property tax assessment exercise for the month of June.
All property owners who have constructed a new building or have made improvements to any existing building must contact the Valuation Unit at the department so that an inspection for property tax purposes can be conducted. This will also ensure inclusion on the Property Tax Register.
The public is asked to extend full cooperation and assistance to the IRD officers as they carry out their duties.
Outstanding property taxes will receive a 20% penalty, therefore to avoid additional charges, property owners should be pay taxes in full as soon as possible. Annual property tax is due on 1st September and must be paid by 30th November.
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For more information, please contact the Valuation Unit at the Inland Revenue Department at 494-3701 ext. 2155 (Road Town) or ext. 6533 (Virgin Gorda).
