Property Tax in Trinidad & Tobago

[SLVR1]

What kind of fighting? Lumbering over to their bench does not count

The lawyers who fighting Devant case smiling though, them getting the sweetest billable hours

You are so naive about these people

The man is correct. Those lawyers pockets will be heavy win, lose or draw.

[RedVEVO]

What kind of fighting? Lumbering over to their bench does not count

The lawyers who fighting Devant case smiling though, them getting the sweetest billable hours

You are so naive about these people

The man is correct. Those lawyers pockets will be heavy win, lose or draw.

He is well funded

[ProtonPowder]

Well, the officers came and took the measurements and sketch of the building. Also, some basic questions e.g. age of the house, building materials used, finishes e.g. gypsum, ceramic tile etc., no. of rooms etc. and some exterior photos .Took about 15-20 mins. This info. goes to BIR to do the financial aspect which will be mailed out with the payment options. This is what I was told. No questions were asked about security systems etc.

You got the PIN# for your file? It wouldve been on the receipt for the VRF when you submitted. They supposed to provide you with the pin during the site visit, as of recently so I hear they sometimes forget. Is a unique 10 digit number which is basically the property's file# in the database, so if you have queries or changes you want them to make, the pin makes it easier to find.

If you didnt get it then call on monday

[De Dragon]

Well, the officers came and took the measurements and sketch of the building. Also, some basic questions e.g. age of the house, building materials used, finishes e.g. gypsum, ceramic tile etc., no. of rooms etc. and some exterior photos .Took about 15-20 mins. This info. goes to BIR to do the financial aspect which will be mailed out with the payment options. This is what I was told. No questions were asked about security systems etc.

Did they enter your building for any reason?

[RedVEVO]

Well, the officers came and took the measurements and sketch of the building. Also, some basic questions e.g. age of the house, building materials used, finishes e.g. gypsum, ceramic tile etc., no. of rooms etc. and some exterior photos .Took about 15-20 mins. This info. goes to BIR to do the financial aspect which will be mailed out with the payment options. This is what I was told. No questions were asked about security systems etc.

Did they enter your building for any reason?

SLVR1 you are marked .

You can run but you cannot hide

[SLVR1]

Well, the officers came and took the measurements and sketch of the building. Also, some basic questions e.g. age of the house, building materials used, finishes e.g. gypsum, ceramic tile etc., no. of rooms etc. and some exterior photos .Took about 15-20 mins. This info. goes to BIR to do the financial aspect which will be mailed out with the payment options. This is what I was told. No questions were asked about security systems etc.

Did they enter your building for any reason?

No, they did not enter the house. They are only concerned with the exterior measurements. Same goes for any individual structures like my storage room.

[SLVR1]

Well, the officers came and took the measurements and sketch of the building. Also, some basic questions e.g. age of the house, building materials used, finishes e.g. gypsum, ceramic tile etc., no. of rooms etc. and some exterior photos .Took about 15-20 mins. This info. goes to BIR to do the financial aspect which will be mailed out with the payment options. This is what I was told. No questions were asked about security systems etc.

You got the PIN# for your file? It wouldve been on the receipt for the VRF when you submitted. They supposed to provide you with the pin during the site visit, as of recently so I hear they sometimes forget. Is a unique 10 digit number which is basically the property's file# in the database, so if you have queries or changes you want them to make, the pin makes it easier to find.

If you didnt get it then call on monday

I have my receipt but there is no such no. The form they filled out was generic as I saw no such no. on it. I will call. Thanks.

[ProtonPowder]

Well, the officers came and took the measurements and sketch of the building. Also, some basic questions e.g. age of the house, building materials used, finishes e.g. gypsum, ceramic tile etc., no. of rooms etc. and some exterior photos .Took about 15-20 mins. This info. goes to BIR to do the financial aspect which will be mailed out with the payment options. This is what I was told. No questions were asked about security systems etc.

You got the PIN# for your file? It wouldve been on the receipt for the VRF when you submitted. They supposed to provide you with the pin during the site visit, as of recently so I hear they sometimes forget. Is a unique 10 digit number which is basically the property's file# in the database, so if you have queries or changes you want them to make, the pin makes it easier to find.

If you didnt get it then call on monday

I have my receipt but there is no such no. The form they filled out was generic as I saw no such no. on it. I will call. Thanks.

From what I see, is usually in a tiny box on the top right hand side of the first page of their inspection sheet

[hydroep]

Kamla promising to axe property tax again

Anna Ramdass


Opposition Leader Kamla Persad-Bissessar has promised to repeal the controversial property tax law the day her government returns to office.

“I am saying to the Government that this property tax in the way you have formulated it to be, we voted against it. You went with your simple majority – I am saying tonight – the day we form the government again we will repeal the property tax,” said Persad-Bissessar.

https://www.trinidadexpress.com/news/local/kamla-promising-to-axe-property-tax-again/article_a9535410-741d-11e8-bcaa-63df7af4e216.html

[The_Honourable]

If that tax turn out to be a money maker, she not repealing nuttin

[zoom rader]

Only injun will be prosecuted for paying this tax.

Meanwhile laventille, Beetham and the rest of die hard PMM areas will get off cause they not working and they are single child fadder and muddars

[The_Honourable]

General Information

1. All Property Taxes between 1st January 2010 and 31st December 2017 have been waived.

2. It is planned that the ‘new’ Property tax will commence in 2018. However, it remains to be seen if that can be accomplished bearing in mind the limited time left in 2018.

3. A new Valuation Return Form has been designed which requests more information than the previous one. There has been no official word from the Ministry on when property owners would have to file this return.

4. There is a fine of $5,000 for failing to submit this form when requested.

5. Property owners will have 30 days to object to their assessment.

6. There will be a Valuation Tribunal appointed to hear objections.

7. The Valuation Tribunal will be headed by an Attorney and will comprise four other persons, two of whom will have qualifications and experience in Valuations.

8. There is a $50,000 penalty for leaking of owners’ information.

Nevertheless, a big drawback for homeowners is that unless the rental data supplied to the Commissioner of Valuations on the new Valuation Return Form is shared, it will be very difficult to prove an assessment is too high. This puts homeowners at a severe disadvantage as while property sales are registered and available to the general public, rental leases are hardly ever registered. Rental information is therefore extremely hard to come by and one often has to rely on verbal information from other property owners and real estate agents.

Further fact sheets will be issued as and when additional information becomes available and will be published on this website.

Your Property Tax on a residence will be calculated as follows:

a. The monthly rental value (unfurnished) of your home will be determined by the Commissioner of Valuations.

b. This monthly rental value will be multiplied by 12 to determine the annual rental value. subject to a minimum of $18,000.

c. It is currently proposed to deduct 10% from your annual rental and the remainder will represent your taxable value. It should be mentioned that this deduction can be changed at the discretion of the Board of Inland Revenue.

d. 3% will be calculated of your taxable value and this will represent your Property Tax.

e. For commercial properties the method remains the same but 5% of your taxable value will be your Property Tax.

Source: http://gafarrell.com/property-tax-quick-facts/

[shake d livin wake d dead]

kamla aint doing one MC....she just campaigning

[ProtonPowder]

2. It is planned that the ‘new’ Property tax will commence in 2018. However, it remains to be seen if that can be accomplished bearing in mind the limited time left in 2018.

http://www.ttparliament.org/legislations/b2018h02g.pdf

7A. (1) Where the Commissioner is of the
view that more than fifty per cent of all land
in Trinidad and Tobago has been valued and
that the valuations should take effect, he
shall notify the Minister.
(2) Upon receipt by the Minister of
the advice that the valuations should take
effect, the Minister may by Order declare
that the valuations are in effect.”.

Even if the minister force the COV to lie and say that 50% of the valuations are complete, it has to be a convincing lie. And that will have to be at least 200k+ residential properties. I keep telling men that this tax not rolling out before next election, the assessments only start 2 months now.

[sMASH]

is the minimum value of 18000 for the monthly rental or the annual rental?

[ProtonPowder]

Annual, that would end up being $486 in tax for the year, which is real high for a minimum value

[88sins]

Annual, that would end up being $486 in tax for the year, which is real high for a minimum value

& nobody living in an actual house is going to have that minimum $486/yr. I can't name names, but someone mentioned to me that the average minimum they expecting to value most homes ARV at for is roughly $48000/yr. If that's truly the the intent & what actually happens, expect an annual tax liability of $1296/yr

[matr1x]

Opposition going to roll back the tax?

[88sins]

Opposition going to roll back the tax?

they going to do the exact same thing they did last time


Absolutely nothing

[ProtonPowder]

Annual, that would end up being $486 in tax for the year, which is real high for a minimum value

& nobody living in an actual house is going to have that minimum $486/yr. I can't name names, but someone mentioned to me that the average minimum they expecting to value most homes ARV at for is roughly $48000/yr. If that's truly the the intent & what actually happens, expect an annual tax liability of $1296/yr

Your inside source is very poorly informed

There are 15 city, borough and regional corporations in TnT. Each has a subdivision of high income and low income areas. For example in Diego Martin regional corp, westmoorings is in the highest band, and the upper ross lands in the lowest. In the middle would be Crystal Stream and such.

Each of those 'bands' has a different rate associated with a specific class of house. What you term a 'standard' house of identical square footage would run you an very different property tax figure in Lange Park versus on Munroe Road in chaguanas corporation.

You can have the biggest executive mansion in Penal rock road, and it would still attract a lower ARV per square foot compared to a standard house in Palmiste.

Your friend might have an idea, but I have the actual data.

[shake d livin wake d dead]

Opposition going to roll back the tax?

they going to do the exact same thing they did last time


Absolutely nothing

Kamla getting ready for 2020...campaign hard

[88sins]

There are 15 city, borough and regional corporations in TnT. Each has a subdivision of high income and low income areas. For example in Diego Martin regional corp, westmoorings is in the highest band, and the upper ross lands in the lowest. In the middle would be Crystal Stream and such.[/quote]
It's called zoning, & it's not a new idea, it's been practically finished for quite some time & is currently used by certain state services, TTPost for one. But it's intention to be used for valuations for this property tax, not gonna happen. It will be used to aid in locating properties, but that's about it.

Each of those 'bands' has a different rate associated with a specific class of house. What you term a 'standard' house of identical square footage would run you an very different property tax figure in Lange Park versus on Munroe Road in chaguanas corporation.

Show me where in that post I used the term "standard house"
Just note, the words standard & average are not at all interchangeable & mean very different things.

You can have the biggest executive mansion in Penal rock road, and it would still attract a lower ARV per square foot compared to a standard house in Palmiste.

& this is why the zoning idea they had just won't work the way they thought, & why it won't be utilized. The idea is to get as much as they can, from as many as they can. I could go into the details about why it's not going to be used at all but I eh got time for that.

Your friend might have an idea, but I have the actual tata.

sounds about correct

[ProtonPowder]

I have no idea what I'm talking about.

sounds about correct

You gone talking about things you have zero knowledge of. Just because TTpost might use regional corporations for dividing TnT doesnt mean nothing or no one else can.

A 'standard' house is one of the five classes of dwellings. There are executive, modern, standard, substandard and shack. You went attributing commonalities to a jargon term. This really tells me you have no idea what you talking about.

You claim to not want to go into details about why this sort of zoning cant be used. Fact remains that over 3000 ARVs have already been calculated from assessments in the past month using those zonings.

Please go ahead and tell me why they wont be used.

[88sins]

your brain is really the size of a proton

[ProtonPowder]

my brain is really the size of a proton

Thanks for proving how useless you are, and the nonsense you spew

[88sins]

It's called zoning, & it's not a new idea, it's been practically finished for quite some time & is currently used by certain state services, TTPost for one. But it's intention to be used for valuations for this property tax, not gonna happen. It will be used to aid in locating properties, but that's about it.

You gone talking about things you have zero knowledge of. Just because TTpost might use regional corporations for dividing TnT doesnt mean nothing or no one else can.

Note, the word "services", that's the plural of the word service, meaning more than one service. But anyway...





Congratulations, you've just won the award for "The Most Illiterate Cunnyhole" on tuner. You've worked hard for it, & you've truly earned it.

[ProtonPowder]

It's called zoning, & it's not a new idea, it's been practically finished for quite some time & is currently used by certain state services, TTPost for one. But it's intention to be used for valuations for this property tax, not gonna happen. It will be used to aid in locating properties, but that's about it.

You gone talking about things you have zero knowledge of. Just because TTpost might use regional corporations for dividing TnT doesnt mean nothing or no one else can.

Note, the word "services", that's the plural of the word service, meaning more than one service. But anyway...





Congratulations, you've just won the award for "The Most Illiterate Cunnyhole" on tuner. You've worked hard for it, & you've truly earned it.

lmaooo
Out of every single bit of nonsense you talk bout, you latch on to the most insignificant slip I made.

That dont change anything boy, you gone talking about why regional corporations cant be used, and I still waiting, take your time. Try attacking the argument and focus less on the person and the grammar. I see you struggling bad.

[88sins]

Ok King Capt. Cunny

[ProtonPowder]

Ok King Capt. Cunny

Poor popo fraid to @ me cause i go cut he ass with more facts

https://rgd.legalaffairs.gov.tt/laws2/A ... /26.01.pdf
https://rgd.legalaffairs.gov.tt/laws2/A ... /25.04.pdf
Go read and learn something, maybe you can tell me a more efficient way to divide the country

http://alta-tt.org/contact-us-2/
And since you cant read and rebut arguments properly, take that for good measure

[De Dragon]

Proton does fight this Property Tax thing hard boy.