Property owners advised on land tax changes
Residential property owners have been advised to recheck their land tax rates, after a retroactive adjustment in the House of Assembly.
The Office of the Tax Commissioner announced that existing due dates are no longer valid, following the decision on March 21 to alter the rates effective January 1 to June 30.
A spokesman said that people who have already paid their land tax for this period will receive a credit adjustment in their next demand notice for July 1 to December 31. No refunds for overpayments will be processed.
Those who have not yet paid their land tax bill can either wait for a revised demand notice, and settle the amount due by June 30, call the numbers listed below or visit www.gov.bm/types-taxes-bermuda.
The spokesman added: “If you are the owner or deemed owner of a property and have not received a demand notice, please contact the Office of the Tax Commissioner promptly, so that your contact information can be verified.”
For more information, call 298-6351, 297-7743 or 294-5827, or e-mail taxenquiry@gov.bm.