Govt getting ready for property tax *

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GOVERNMENT is moving forward to implement the property tax and will hire 248 people to staff the Valuation Division of the Finance Ministry to conduct assessments of properties.

Speaking at the post-Cabinet news conference at the Diplomatic Centre in St Ann’s yesterday, Finance Minister Colm Imbert said the Ministry was in the final stages of rolling out the implementation of the property tax regime and within the next week or two, notices of assessment will be posted or delivered to owners and occupiers of properties throughout Trinidad and Tobago in accordance with the Property Tax Act.

Imbert said it was expected that every property in the country will be on the books.

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He said there was a process to file an appeal and pose a challenge if the property owner was not satisfied with the valuation.

However, he said Government could not do anything with respect to landlords who may move to increase rents.

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Source: Trinidad Express http://www.trinidadexpress.com/20170323/news/govt-getting-ready-for-property-tax

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