Subscribe for all my updates and don't miss a thing! Sign me up!

How Much Is Property Tax In Jamaica?

Sharing Is Caring! Share this awesome content with your friends now.

start_here_if_new_image_link

New! See the real Jamaica in VIDEOS!
Click Here and see why over 140,000 fans are raving about my YouTube Channel!

aerial_view_of_blue_hole_property_brighton_westmorelandHow Much Is Property Tax In Jamaica?

By Venesha Johnson | Associate Writer

Are you thinking of purchasing property in Jamaica? That is a fantastic investment. However, you may look forward to something other than this one thing: Property tax.

New! Take a piece of Jamaica with you๐Ÿ’ƒ!

Savour the memories!  Now you can get your authentic Jamaican souvenir items, as well as traditional Jamaican herbs, spices and housewares on our popular e-store. Click Here to learn more.


And, if you ever need a trustworthy and knowledgeable local guide, consider booking a private tour with us!


What is Property tax, and why do we have to pay it?

Like me, you probably wonder, if we have already purchased the land, why do we have to pay tax each year? Our government claims to impose property tax on all real estate to raise funds for public use. By paying property taxes, we contribute to funding significant property-related services meant to improve our Jamaican communities and districts. A few of these services include building parochial roads and highways, maintaining, repairing, and expanding streetlighting, law enforcement and fire safety, and rubbish collection and disposal.

Who has to pay property tax?

Now, who has to pay this tax? Property tax must be paid by all persons and other legal entities, such as businesses that own property (or real estate or land). In this context, it's crucial to remember that the "person in possession" might not always be the real estate owner. "Persons in possession of property" is defined as "the owner, occupier, mortgagee in possession, or other person in actual possession of such property" in the Property Tax Act. So, as long as you own or occupy the land, you must pay property tax.

Who can be exempt from this tax?

In some cases, depending on the purpose of the land, you may be exempt from paying property tax.

  1. All buildings and lands held in trust exclusively for public religious worship or for religious worship and use as classrooms, together with the lands immediately attached to them used as churchyards or burial grounds.
  2. All buildings and lands belonging to any church used as rectories, caretaker cottages or church halls together with the lands immediately attached to them so long as the area of the so exempt does not exceed one (1) acre.
  3. All buildings and lands are used solely for charitable or educational purposes and exclusively supported by charitable or missionary funds.
  4. All buildings and lands that belong to and are used by the University of the West Indies and the Council of Legal Education.
  5. All buildings and lands belonging to Primary Schools; Secondary Schools receiving any payment out of the Consolidated Fund; and Commercial Schools or Preparatory Schools with not less than twelve scholars in average attendance.
  6. All buildings and lands belonging to schools are approved by the Ministry of Education.
  7. All buildings and lands belonging to the Government of Jamaica.
  8. All buildings and lands belonging to private hospitals are approved by the Minister.
  9. All buildings and lands belonging to any social, charitable or cultural organization approved by the Minister.

When should you pay your property tax?

Throughout March, you will hear regular advertisements urging property owners to pay their taxes before April 1st. The Property Tax Act requires payment on the first day of April each year for 12 months, with options for full, half-yearly, or quarterly instalments. If the first payment is made after April 30, a 10% penalty and interest can be imposed. The tax becomes a first charge and lien on the property liable, and the Collector of Taxes can enforce payment, proceed against possession, or distrain the property's goods.

The Tax Collection Act allows the Collector to take various actions to recover unpaid Property Taxes, including issuing a summons for arrears in the Resident Magistrates Court, obtaining a judgment, lodgement of a caveat on the title, and forfeiture of the land. Non-paying taxpayers can also be imprisoned. The Act states that if a property has more than one person, the Collector of Taxes may enforce payment or distrain the property's goods.

How much is property tax in Jamaica?

Your land must first be assessed and evaluated to know how much you will be paying in property tax. The assessment and valuation are based solely on the unimproved value of the land, excluding improvements such as buildings and crops. It considers the land's type and size, potential for development, topography and soil classification, zoning, neighbourhood characteristics, and access to municipal and commercial services. The Ministry of Finance and Public Service announced that a flat rate of $1,000 is payable on real estate with an unimproved value of up to $400,000 and an additional fee based on the land's value falling in the progressive tax regime of 8 bands ranging from a low of 0.5% to a maximum of 1.30% of the value assessed. The computation of Property Tax is based on the land's unimproved value.

  • for the first $400,000.00 - $1,000.00
  • for the next $400,000.00 - 0.80%
  • for the next $700,000.00 - 0.85%
  • for the next $1,500,000.00 - 0.90%
  • for the next $1,500,000.00 - 1.05%
  • for the next $2,500,000.00 - 1.10%
  • for the next $5,000,000.00 - 1.15%
  • for the next $18,000,000.00 - 1.25%
  • for every dollar after that - 1.30%

Payment Options

You can make your property tax payments online via the Tax Portal, which allows you to use a debit or credit card. A reference number will be generated at the end of the transaction, which can be saved or printed for records. You can also make payments in person at any of the 29 tax offices across the island using cash, credit, or debit cards. Some offices have electronic drop boxes for cheque payments.

TAJ conducts "out-station" operations from April to June, particularly in rural areas. These operations only accept non-cash transactions, and a receipt will be given for all payments made.

There you have it, all you need to know about paying property tax in Jamaica. Don't let this sway your decision about investing in property in Jamaica though, as that is still a great investment.

Sharing IS Caring! Please help me get the message out by sharing this article with your friends on social media (links below). Thnx ;-)


If you found this page useful, please consider subscribing to my weekly newsletter, to get even more

It tells you each week about the new information that I have added, including new developments and great stories from lovers of Jamaica! 

Return to Real Estate In Jamaica from How Much Is Property Tax In Jamaica? 
Return to My Island Jamaica Homepage from How Much Is Property Tax In Jamaica?

References & Sources For How Much Is Property Tax In Jamaica?

  1. Property Tax Info | National Land Agency | One Agency, One Goal. (n.d.). https://nla.gov.jm/blog/property-tax-info
  2. Hamilton, T. (2020, July 24). PROPERTY TAXES IN JAMAICA: WHAT YOU NEED TO KNOW - Law Office of Tracey A. Hamilton. Law Office of Tracey a. Hamilton. https://traceyahamiltonlaw.com/property-tax-in-jamaica/
Back To The Top Of This Page

New! Get My Latest Book๐Ÿ‘‡๐Ÿฟ

JAMAICA_ON_A_BUDGET_EBOOK_COVER_LEAN

You asked, I've answered! You no longer need to save for months or years, to enjoy paradise!

JAMAICA On A Budget is your passport to experiencing what I call 'The Real Jamaica' on a budget!

I spilled the beans! sharing my top tips on finding cozy accommodations and secret gems, only the way a native could! Click Here to pick it up on my e-store and start saving now!

See The Best Of Jamaica - In Videos!

my_island_jamaica_channel_tv

My channel reaches over 140,000 subscribers worldwide and has leveraged over 11 million views, sharing, what I call 'The Real Jamaica'. Subscribe today and join our family of viewers.

Jamaica_subscribe_button

Read More ...

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

New! Experience The REAL Jamaica!
Book Your Private Tour here and experience Jamaica the way we (locals) do!


P.S. Didn't find what you were looking for? 
Still need help?

Click Here to try our dependable and effective Site Search tool. It works!

Or, simply click here and here, to browse my library of over 500 questions and answers! Chances are someone already asked (and got an answer to) your question.


copyscape
Back To The Top Of This Page

Like My Site? Please Click Here To Share It With Your Friends

Home   |   JOIN US   |   Site Search   |   Have Your Say   |   Archives   |   Old Archives   |   Contact   |   Disclaimer   |   TIP ME!   |   Link To Us


Do like I did! Share your passion
(about your city, hobby or experience) and make a living from it. Click Here to see how
.

By Wellesley Gayle   |   Copyright ยฉ 2007-2024 My-Island-Jamaica.com   |   All rights Reserved.   |   Privacy Policy