Property tax threshold for individuals, companies lifted

Finance Minister Ashni Singh delivering the 2013 budget.

Finance Minister Ashni Singh today announced the significant lifting of the property tax threshold for individuals and companies but he also announced that the valuation date will move from January 1st 1991 to January 1st 2011.

In his budget presentation, Singh noted that the property tax is currently charged on companies at the following rates: the first $1.5 million of net property is taxed at