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shake d livin wake d dead wrote:So if at least 400k homes are residential and 232k were assessed to be paying soon.....what happens to the remaining 168k???,
Kickstart wrote:PNM Victory at local elections and 2025
Please pay your taxes
People not Seriousaaron17 wrote:Kickstart wrote:PNM Victory at local elections and 2025
Please pay your taxes
PM: Just $3 a day
Property tax costs ‘less than a dinner mint’
FOR the “average person” property tax will cost $3 a day, “less than a dinner mint”.
So said Prime Minister Dr Keith Rowley as he sought to justify the Government’s decision to impose property tax in order to fund the operations of reformed local government bodies.
..
“But no, like everything else, including child marriage, they opposed it. They opposing it on the grounds that you are going to have to pay property tax. Ladies and gentlemen, if you have no property, you will have no property tax to pay.
And those who have property abroad, they are the first in line to pay it out there. And, of course, if you have property and you have difficulty for reasons that can be established, in paying this tax, there is provision in the law for the Minister of Finance to give you an exemption..
.For example, you are somebody who is on government help already. We have 65,000 people who get government grants...some of those people have houses and as such can make a case that they can’t pay the tax. But the other 400,000 people with houses in the country, the average person can pay an average price. And the average price you’re talking about is about $1,200 to $1,300 a year, that’s $3 a day, less than a dinner mint,” he said.
Thats all he have to say crack a "comedy tent joke" they will clap and kekekekemaj. tom wrote:And they will. They're happy to, once is not Kamla who teefing out the Treasury.
Gotta remember, they not too smart to begin with, they blind-er than ah bat when it comes to their loyalty and it doesn't take much more than a hamper or 2, a few tee shirts and other " meaningful " items to have them renew their loyalty eh. Fickle is the minds....orshake d livin wake d dead wrote:Interested in seeing how bringing this tax during the silly season pans out. You begging for votes on one hand and telling people pay more on the other?
The government has already saidThe_Honourable wrote:$400m from property tax
Colm: Most to pay $42 to $92 monthly
The total amount of property tax to be collected in 2024 is expected to be “in the vicinity of $400 million”, Finance Minister Colm Imbert said yesterday.
He said the Inland Revenue Division will be issuing assessment notices for property tax “very shortly” to property owners.
Piloting the budget debate in the Senate, Imbert said: “Our calculations tell us that the full property tax for 2024 would be in the vicinity of $400 million. But we expect that there will be a learning curve and therefore we have made a preliminary allocation in the budget estimates in three different categories, in three different sizes of local government corporations. So we have allocated $8 million to the smaller ones (corporations), $10 million to the medium-sized ones and $12 million to the large ones,” he said.
Population size was used to determine the allocation, he added.
Imbert also gave an undertaking that regional corporations would not be allowed to use property tax revenues to pay salaries and wages, but for procuring goods and services and financing development in the communities.
“I want to emphasise that we are not going to permit property tax to be used for personnel expenditure. I have made allocations in the 2024 estimates within each municipal corporation to allow them to collect, retain and utilise property tax. But we will be making legislative amendments in due course to ensure the money is not used for the wrong purpose. I want to emphasise that it is (to be used) for goods and services and the development programme,” Imbert stated.
He said property tax would provide local government bodies with a new and sustainable revenue stream to procure goods and services.
Imbert reiterated that property tax on residential properties is calculated at three per cent of the rental value and not the capital value.
“And this is something that our opponents on the lower bench continue to attempt to confuse the population with, by saying that property taxes are based on the capital value. It is not,” he said.
Imbert said at least 50 per cent of property owners in Trinidad and Tobago will be required to pay property tax in the range of $500 to $1,100 per year or between $42 and $92 per month.
“That is what we have seen so far from the valuation roll which has now registered in excess of 200,000 properties. And there is also the provision for deferral of that for those who are genuinely unable to pay property taxes,” Imbert said.
He said what would have to be done is an application for the deferral of the tax where someone is a senior citizen on a fixed income and cannot pay, or any other vulnerable person.
Imbert said during fiscal 2024 the Government would proclaim and operationalize the relevant sections of the local government legislation to allow residential taxes to be collected by the two cities, five boroughs and seven regional corporations within the 14 municipalities.
More: https://trinidadexpress.com/news/local/ ... 332da.html
adnj wrote:Waiting for the tax default property sales. *rubs hands together*
Rayden6 wrote:And they not even making it known that if it is not paid the property would be seized....
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