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Property Tax Basic Computation

Property Tax Basic Computation

May 26, 2020

The following guide (to the right of the screen (Property Tax Computation Guide) provides a basic computation for property tax assessment from the years 2020,  2014-2019, 2000-2013 & 1993-1999. This  guide can be downloaded for ease of access. Please note that it is not a substitute for the law. In case of inadvertent conflict the Law will prevail.

RATES OF PROPERTY TAX

Property Tax shall be charged at the following rates:-

For Individuals as from the Year of Assessment 2020

On the first $40,000,000 of Net Property  Nil
For every dollar of the next $20,000,000 of net property  ½%
For every dollar of the remainder of Net Property ¾%
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