Land owners are facing the possibility of a new increase in property taxes, two years after the most recent hikes announced by government. The increases would result from last year’s completion of a land-revaluation exercise carried out by the National Land Agency (NLA).The new property values were, however, not uploaded on the agency’s property valuation roll, which effectively spared consumers two consecutive years of land tax increases. However with all updates to the valuation roll now complete the way is now clear for Tax Administration Jamaica (TAJ) to determine the new property tax rates based on the new land values.

#WhatDoYouSay?

Are you #ReadyToPay or are you #AtTheEndOfYourRope?

Story by Tyrone Thompson, Staff Reporter, Jamaica Gleaner.

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