Govt. Seeks Information For Land Valuation List
The Land Valuation Department has advised that a new Valuation List is required to be prepared to take account of changes in rental levels throughout the Island since the current Valuation List was last prepared on 31st December 2009.
During February 2015, the Department will be sending out both the residential and commercial rental survey forms to all land taxpayers on the Island and included with the forms is a prepaid return envelope. The forms should be completed and returned to the Department within 21 days from the date of receipt
A spokesperson said, “The Land Valuation Department is advising that under the provisions of the Land Valuation and Tax Act 1967, a new Valuation List is required to be prepared to take account of changes in rental levels throughout the Island since the current Valuation List was last prepared on 31st December 2009.
“The next revaluation is due on 31st December 2015. As part of the revaluation process, the Department must collect information about properties, including data on rents in order to prepare the new 2015 Valuation List.
“During February 2015, the Department will be sending out both the residential and commercial rental survey forms to all land taxpayers on the Island and included with the forms is a prepaid return envelope. The forms should be completed and returned to the Department within 21 days from the date of receipt.
“It is important that everyone who receives a form completes and returns it to the Land Valuation Department as this is a legal requirement and there are penalties for not doing so. The information collected will be confidential and will only be used for the purpose of the revaluation.
“Anyone requiring assistance with the forms can either call the help line on 297-7966 for the residential rental survey forms or 295-5151 ext. 1452 for the commercial survey forms. You can also take the form to the Land Valuation Department, which is located on the second floor of Global House, 43 Church Street, Hamilton, where a member of staff will be happy to assist you.
“The Department would like to thank all land taxpayers in advance for their cooperation.”
The value of my property has decreased by about 25% in the last 7 years. I look forward to a 25% decrease in my valuation and therefore my tax.
HAHAHAHAHAHAHAHAHA – we all know that wil NEVER happen.
I’m sorry but we’re going to have to increase your land tax to pay for the civil service overtime. After all, if you can afford to buy property in Bermuda you must be rich.
Amazingly, that’s what some people think ‘shared sacrifice’ is all about.
Exactly my point. I spent 40 years saving, not spending, so I could own my home. I don’t have a big SUV, or a big TV. Don’t take loads of trips and don’t have extra cash. Just a regular guy. My one mistake? Not going to work for Government.
There they can’t fire you – and you can stamp your feet and get mad at everyone. Bunch of entitled brats.
They have a balancing act to pull off – they need more money but know if they raise the taxes too much it will lead to people having to sell.
forget what we pay any CS in OT…
BTA boss 295,000.00+75,000.00+88,500.00….
Because of all the sick days, vacation, etc, we need 4 public employees to do the work of one normal person. How many hundreds of millions a year do we waste?
Rhonda- He is a highly qualified CEO. He has been paid more historically. His qualifications demand that kind of pay. For all of those complaining about it, you too can earn money like that. Get an education and a valuable skill, develop a track record and you too can earn good money.
Were you as outraged about the $24M cost overrun at Port Royal?
If someone has not lived in their house due to severe damage would they still have to pay land tax inquiring minds want to know
I don’t see why not…
The answer is no. Just inform the land tax dept and tell them the house is uninhabitable. I know this from Fabian.
The challenge is to get somebody at the land tax office to answer the phone. The next problem is the courtesy of a call returned after messages are left.
Well, don’t forget, they have to fit in their 70 sick days and 33 vacation days a year. That’s the priority.
Taxing an already strapped nation will not work ,you can not get blood out of a stone.
The Government has to look further a field and be prepared to make so drastic cutbacks and by the way we are tired of paying for other peoples mistakes and cost over runs.
The Sage report gave a clear and defined direction.”DOWN SIZE” ! do more with less.
While i am at it. Stop the political infighting,it accomplishes absolutely nothing, we have had enough, it does not become you.
“The next revaluation is due on 31st December 2015″, only because they postponed it. It was due December 2014, which means 1 more year of higher land taxes.
Bob’s my uncle….I hope he eases me up in his budget