Property Valuation

The Valuation and Rating Act 2012 is the act that governs the assessment of property taxes in St.Vincent and the Grenadines.

Every property is given a unique reference number when it is entered on the tax roll.

For buildings, measurements & photographs are also taken, and a Tax Id Number is issued. This is a unique coordinate based reference number, consisting of the map sheet number, and the last 3 digits of the Northing and Easting GPS position of the building.

Rates

  • All developed land (i.e. land with buildings) and land in urban districts are currently taxed at a rate
    of 0.08% on the Market Value which is the new basis for taxing all property.
  • Property used exclusively for Commercial purposes: tax 0.08%.
  • Property used exclusively or principally for agricultural purposes and so certified by the Minister of
    Agriculture: tax 0.04%.
  • Hotels, guest houses, or tourism related development: tax 0.04%.
  • Factories used for manufacturing: tax 0.04%.
  • Vacant land in rural districts less than six (6) Acres, and properties valued at $ 50,000.00 or less, would pay a minimum tax of $10.00 p.a.

Transfer of Property

Any person to whom property included in the Valuation List is transferred, should within thirty (30) days
after the transfer, give notice and produce documentary evidence of such transfer to the satisfaction of the Valuation Division. First-time property owners are also required to inform the Valuation Division of their ownership of property.

In cases where there is no deed, forms are available to allow for the transfer of the building for tax purposes.

  • All land ownership transfers must be done through the registry department. If you are uncertain whether or not your property is recorded, visit the valuation department today.

Bills
Annual Property Tax bills are sent to property owners to inform them of current tax liability, including arrears. If however you do not receive a bill, payment is still required.

Payment

  • Property Tax payments are due on the 1st of July of each year. Any property tax which remains unpaid after 31st July each year, will attract late fees of 1.5% per month.
  • Payments can be made for all properties at the Inland Revenue Department, or for properties in any
  • district at the Revenue Offices in that District.

For further Information please contact the Valuation Division in the Moussa Building, Kingstown
at Tel: (784) 456-5056 / 451-2680 / 450-0878 or e-mail: svgvaluation@gmail.com.
You can also contact the Inland Revenue, Collections Division at Tel: (784) 450-0543 / 457-2875