M&CC seeking revaluation of property rates for large corporations, businesses

The Georgetown Mayor and City Council (M&CC) yesterday signaled that it would be seeking updated property rates for several large corporations and businesses operating in the capital, including the New Building Society (NBS), GBTI and Bounty Supermarket.

In a press release yesterday, the M&CC said they have written to the Valuation Department of the Ministry of Finance seeking its assistance so that council would be able to “collect its correct amount of property rates” from the companies.