Thu | Dec 9, 2021

Property tax collection target passed

Published:Wednesday | June 12, 2013 | 6:00 PM

Minister of Local Government and Community Development, Noel Arscott, is reporting that the Ministry surpassed its 2012-2013 property tax collection target of $2.8 billion.



Arscott told Parliament yesterday that the Ministry collected just over $5 million or point seventeen per cent more than what was targeted.



He commended Jamaicans who made the effort to pay their taxes, despite the challenging economic times.



Property taxes represent the single largest source of revenue for the island’s 14 local authorities and are used to provide a number of essential services.



These include solid waste collection and disposal; payment for streetlight services; and rehabilitation of the parochial road network.



Arscott said for fiscal year 2013-2014, property tax revenues will be used to fund over $8 billion in expenditure.



He said of this figure, some $3 billion will go towards the provision of solid waste collection and disposal services; another $3 billion will be spent on street lights; and $2 billion will go towards street light arrears.



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