Property Tax in Trinidad & Tobago

[bluefete]

At 2% my annual payment went from $1022 to $681.

But this makes them look flaky and weak. They have bowed to pressure. They can now face calls for total removal of PT. But it also a land mine for if they lose in 2025. The next government will either have to reduce it even further or remove it. They still return to the same problem of local govt being underfunded.

The first good thing you have written in a while. LOL.

Thanks bluefete, coming from you that compliment means nothing.

You balisier drinkers are so drunk with the juice that you cannot even recognize a good thing when you see it.

You sound so disappointed that your property tax went from $1022 to $681. Why don't you contribute the difference to your balisier house fund?

[Habit7]

You balisier drinkers are so drunk with the juice that you cannot even recognize a good thing when you see it.

You sound so disappointed that your property tax went from $1022 to $681. Why don't you contribute the difference to your balisier house fund?

You are right. In 2015 I should have voted UNC. I would have had the joy of paying property tax since 2016! PNM sticking.

[paid_influencer]

At 2% my annual payment went from $1022 to $681.

But this makes them look flaky and weak. They have bowed to pressure. They can now face calls for total removal of PT. But it also a land mine for if they lose in 2025. The next government will either have to reduce it even further or remove it. They still return to the same problem of local govt being underfunded.

yup. for somebody like philip this is blood in the water

[alfa]

At 2% my annual payment went from $1022 to $681.

But this makes them look flaky and weak. They have bowed to pressure. They can now face calls for total removal of PT. But it also a land mine for if they lose in 2025. The next government will either have to reduce it even further or remove it. They still return to the same problem of local govt being underfunded.

You seem disappointed. I guess if you had your way you would have raised it to ten percent. But coming from someone who stated a few years ago that flooding was both nescessary and beneficial I don't expect better of you.

[shake d livin wake d dead]

At 2% my annual payment went from $1022 to $681.

But this makes them look flaky and weak. They have bowed to pressure. They can now face calls for total removal of PT. But it also a land mine for if they lose in 2025. The next government will either have to reduce it even further or remove it. They still return to the same problem of local govt being underfunded.

You really figure your ARV would remain the same? If they start a fresh process, that ARV going up for sure. You are going to end up paying either the same or more in taxes.

[bluefete]

PNM playing up in dey rass with this property tax.

So they going and re-do the whole process to stress out people again?

[ProtonPowder]

Something to understand is that nothing in valuation division changed. Nothing about the Property Tax act has anything to do with them. The tax amount and the payment details have changed, but not the valuations.

[The_Honourable]

Subject to correction but from what i gather, the valuation rolls remain the same. Is the assessment that is changing.

The deadline for assessment notices to be sent out to residential owners is the end of March. It is to be extended to June 30th.

I suspect the extension is to redo the assessment from 3% to 2% and again, mail out the amended assessment notices to residential owners. I also suspect it gives time to correct duplicate property assessments.
 
The deadline date 30th September 2024 to pay the property tax remains unchanged.

So we still have to pay the tax by the end of September unless there is another amendment.

[88sins]

Subject to correction but from what i gather, the valuation rolls remain the same. Is the assessment that is changing.

The deadline for assessment notices to be sent out to residential owners is the end of March. It is to be extended to June 30th.

I suspect the extension is to redo the assessment from 3% to 2% and again, mail out the amended assessment notices to residential owners. I also suspect it gives time to correct duplicate property assessments.
 
The deadline date 30th September 2024 to pay the property tax remains unchanged.

So we still have to pay the tax by the end of September unless there is another amendment.

Maybe, maybe not.
Like I said, I suspect that they figuring it out, slowly but surely, that the implementation of this property tax, when looked at along with all the other increasing expenses and problems being foisted upon the people, is probably going to the straw that breaks the camel's back and ultimately cost them the next GE, and they aint willing to take the chance.
But let's see.

[zoom rader]

PNM playing up in dey rass with this property tax.

So they going and re-do the whole process to stress out people again?

Yes

[Mmoney607]

Another flip flop from Rowley

[death365]

I am ok if they did this, any lil ease up helps. 3% to 2 % is a 33.33% drop aka instead ah 100 in tax yuh go hav 2 pay 66.66.

[j.o.e]

That’s right people pay your share ….. stop bickering

[viedcht]

Lower proptax and raise vat.

[The_Honourable]

Heh... imbert finding the sweet spot for the public to buy into the tax...

Allyuh doh forget T&TEC coming too eh...

[Chimera]

idk why them eh legalize weed completely and tax it if dey need money

that solving all we problems

[sMASH]

Waiting till 2025 to see the outcome...
A lil late fee ain't gonna hurt.

If plenty people do that... Then it would be deemed a failure

[PariaMan]

That's exactly my stand . They hoping to raise 500 million . Which now is 333 million

All this work for that?

A Lil cut from here and there will raise this money without all this disruption and stupid talk

The inmates running the asylum

For once I agree with Kamla just increase the old tax and let people come into pay like before and talk done

[88sins]

That’s right people pay your share ….. stop bickering

Funny
So who decides what's "your share"? cuz right now the ones deciding what your share is that you should pay, not paying theirs, and they have zero idea what you can afford in order to apportion what your share should be.

[zoom rader]

That’s right people pay your share ….. stop bickering

Funny
So who decides what's "your share"? cuz right now the ones deciding what your share is that you should pay, not paying theirs, and they have zero idea what you can afford in order to apportion what your share should be.

Joe has always been a PNM jack arse not to mention a racist

[zoom rader]

Heh... imbert finding the sweet spot for the public to buy into the tax...

Allyuh doh forget T&TEC coming too eh...

Sweet spot is "dey ant riot yet"

This man pipes more taxes on people but yet still he's on Tax breaks for himself cars & properties

[paid_influencer]

uncle need to stop bickering and pay his share

[matr1x]

That’s right people pay your share ….. stop bickering

You being sarcastic, right?

[88sins]

That’s right people pay your share ….. stop bickering

You being sarcastic, right?

I doubt.
It have PLENTY ppl who actually that amount and type of chupid.

[Habit7]

432398688_7487480384605827_8553757389392605780_n.jpg

uncle need to stop bickering and pay his share

The ppl valuating the properties are not politically appointed. They are under the commission of evaluation and they are public servants. The same public servants that made the sign and spelt “payements” and “futher”. So don’t expect perfection from them. The evaluation notice that everyone is getting is for you to agree or query your evaluation in 30days or now 6mths. In papi’s case he was overvalued however in many ppl’s case they will be undervalued. Nevertheless, if you disagree, query it.

The reason why Land and Building Tax was cancelled was mostly because the valuations were very old
and ppl were paying taxes from 1960’s evaluations. Even in Kamla’s new plan to for everyone to pay revised L&B tax, the evaluation division will still have to evaluate your home and you will still get overvaluations like papi.

[VexXx Dogg]

432398688_7487480384605827_8553757389392605780_n.jpg

uncle need to stop bickering and pay his share

The ppl valuating the properties are not politically appointed. They are under the commission of evaluation and they are public servants. The same public servants that made the sign and spelt “payements” and “futher”. So don’t expect perfection from them. The evaluation notice that everyone is getting is for you to agree or query your evaluation in 30days or now 6mths. In papi’s case he was overvalued however in many ppl’s case they will be undervalued. Nevertheless, if you disagree, query it.

The reason why Land and Building Tax was cancelled was mostly because the valuations were very old
and ppl were paying taxes from 1960’s evaluations. Even in Kamla’s new plan to for everyone to pay revised L&B tax, the evaluation division will still have to evaluate your home and you will still get overvaluations like papi.

Correct.

My question is…
If you provide an independent valuation from a registered surveyor firm when doing the query, would it help?

[*KRONIK*]

432398688_7487480384605827_8553757389392605780_n.jpg

uncle need to stop bickering and pay his share

The ppl valuating the properties are not politically appointed. They are under the commission of evaluation and they are public servants. The same public servants that made the sign and spelt “payements” and “futher”. So don’t expect perfection from them. The evaluation notice that everyone is getting is for you to agree or query your evaluation in 30days or now 6mths. In papi’s case he was overvalued however in many ppl’s case they will be undervalued. Nevertheless, if you disagree, query it.

The reason why Land and Building Tax was cancelled was mostly because the valuations were very old
and ppl were paying taxes from 1960’s evaluations. Even in Kamla’s new plan to for everyone to pay revised L&B tax, the evaluation division will still have to evaluate your home and you will still get overvaluations like papi.

Correct.

My question is…
If you provide an independent valuation from a registered surveyor firm when doing the query, would it help?

I would like to know this also

[ProtonPowder]

Alyuh go ahead and spend 2-3k+ on an independent valuation, and end up higher than the government rental valuation.

And on top of that the government not going to care or use it. They just going to scan the documents and leave it there on file like if it was a wasa bill.

[Chimera]

Habit is right about most people being undervalued.

Does locatjon of property play a part in rental value?

Like if you have a old board house somewhere in town near ariapita n thing

Dey gonna value it based on the location or the house itself

[VexXx Dogg]

Alyuh go ahead and spend 2-3k+ on an independent valuation, and end up higher than the government rental valuation.

And on top of that the government not going to care or use it. They just going to scan the documents and leave it there on file like if it was a wasa bill.

That’s why we need some transparency on the process.

Publish the calculations/formula so that if there are anomalies or outliers you can know how to proceed.