Jamaica: Greater Equity for Strata Owners under New Property Tax Regime

Strata property owners will benefit significantly from the new property tax regime when it takes effect on April 1.

A new methodology for property tax assessment will be applied to strata properties that will allow owners to pay tax for the value of their individual units rather than the entire strata as was the case previously.

Chief Corporate Communications Officer at Tax Administration Jamaica (TAJ), Meris Haughton, speaking at a JIS Think Tank on Thursday (March 30) said the new methodology will bring equity to the system.     Read the article………….

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