Tue | Jul 17, 2018

Opposition senator suggests measures to improve property tax collection

Published:Sunday | April 9, 2017 | 12:13 PM
Opposition Senator Sophia Frazer Binns

As the Government prepares to announce adjustments this week to the recent property tax increases, the Opposition has suggested a number of options to improve collection and cushion the effects of tax increases.

Writing in today's Sunday Gleaner, Opposition Senator  Sophia Frazer Binns - the spokesperson on Land and Environment - says the government should consider implementing an amnesty for delinquent taxpayers. She says the amnesty should include a waiver on interest and penalties.

As a long term measure, she says the government should also look at measures to simplify the procedure for people to be included on the tax roll, especially for owners of unregistered land. She says this would allow people to pay taxes for portions of land they occupy, instead of larger parcels they neither own nor possess.

In addition, Frazer Binns says the government should also undertake property revaluations more frequently in order to prevent massive increases.

According to the Opposition senator, the current increases may cause a dilemma in the real estate market, as some owners may be forced to sell because of their inability to pay taxes, while purchasing may decrease because of increased property prices.