Property Valuation

Property in St. Vincent and the Grenadines is valued for the assessment of property tax, on the Annual Rental Value principle. Valuations are based on rental value, that is , the rent you would expect to receive if the property was to let from year to year.

Valuation/Assessments take into account factors including the following:-

  • Size of property
  • Location and use
  • Rents in the area
  • Amenity and services etc.

The Valuation & Rating Act Cap 260 and the Land Tax Ordinance Cap 316 cover the assessment of property for property tax in St. Vincent and the Grenadines.