Assessment of Real Property Tax

Assessments are carried out by the Department of Inland Revenue to determine the value of a property and its related property taxes. An assessment can be initiated by the property owner or by The Department of Inland Revenue. A Real Property may fall into one of the following categories:

  • Owner Occupied
  • Residential
  • Commercial
  • Vacant Land

Eligibility

All Property Owners.

Process

  1. If a request is made by the owner of the property, the following forms must be completed and submitted to the Real Property Tax Valuation Unit:
    1. Property Tax Application Assessment form
    2. A Declaration of Real Property Tax form
  2. In regards to owner occupied properties, the owner is also required to complete a Affirmation form to facilitate tax exemptions on the section that they live in.
  3. A field visit is conducted and information gathered is used to determine the value of the property and to calculate the real property tax liability
  4. The Department will inform the owner of the tax liability.
  5. Property owners can pay property tax using several methods